THE OPEN July beans: 2 1/2 lower July meal: 1.20 lower July soyoil: 3 higher July corn: 3/4 higher July wheat: 3 lower Prices opened as called but funds were back to selling the markets again after the open. The digestion of the May numbers still suggests that stocks could build, bringing a defensive tone to the market as weather remains neutral. Oilshare was firmer as prices once more went on the defensive. Wheat prices traded both sides of $5.00 after reaching new lows for the move down. SOY
The feature in the soy complex was that of firmer oilshare, as soyoil prices traded either side of even, with July prices back over 26c as has been the overall trend. A...
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...
