THE OPEN Nov beans: 3 higher Dec meal: 1.20 higher Dec soyoil: 7 higher Dec corn: 4 higher Dec wheat: 5 1/2 higher Prices opened higher as expected in what was a somewhat muted and cautious tone considering the solid day of trade yesterday, and positive China trade announcements this morning regarding beans and pork. Major features in the soy complex included buy meal/sell soyoil trade with correcting oilshare values and buy bean/sell corn trade. Volumes remained impressive as shorts elected to use setbacks to continue a short-covering phase post data and Chinese announcements. SOY
The soy complex opened quietly and remained well bid for most of the morning...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
Key Takeaways: Dry bulk markets remain mixed with Capesize vessels seeing continued pressure from weaker demand while fixtures and rate strength gradually increases towards the smaller vessel classes. Tanker markets are pulling back from their recent highs as tonnage moves out of the Mid...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
