THE OPEN March beans: 4 1/4 lower March meal: .80 higher March soyoil: 61 lower March corn: 1/4 higher March wheat: 3 1/2 lower Prices opened as expected with the opening feature of the day that of firmer corn vs. beans, and meal vs. soyoil. More short-covering was noted in corn as futures traded towards its down-side gap left open on Monday. As the day progressed, corn futures continued to stay well bid, which helped wheat, but not beans. SOY
Meal prices continued to firm against soyoil with May crush firming to 1.04c/bu. Better US meal exports have been noted as troubles continue for Argentina's major crusher Vicentin, and the new and elevated tax structure. May oilsha...
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...
Key Takeaways: Texas illustrates the assumptions underlying the 2025 FMMO reform; Idaho exposes their limitations. The Southwest order blend (roughly 27 percent Class I, 32 percent Class III and 31 percent Class IV) exposes Texas producers to every lever USDA adjusted, with a near-neutral proj...
