THE OPEN March beans: 2 1/4 lower March meal: .20 lower March soyoil: 25 lower March corn: 2 1/2 higher March wheat: 1 higher The markets opened as called, though more weakness was noted for the soy complex at the start of the day. Grains recovered, led by corn as new shorts yesterday elected to cover something in today, perhaps on the Senate's passage of the USMCA trade deal. Buy corn/sell wheat and bean trade was noted, along with recovery trade in soyoil futures. Profit taking on both sides seemed to be the theme of the day. Corn continued its rally into the midday hour. SOY
The main feature in the early session was that of lower bean and soyoil trade, whic...
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...
