THE OPEN Nov beans: 5 1/4 higher Dec meal: 1.70 higher Dec soyoil: 16 higher Dec corn: 2 1/4 higher Dec wheat: 1 1/2 higher The markets opened as called with an adjustment in the buy soy/sell grain trade surfacing later in the day. September liquidation seemed to have the best volumes as traders cleaned up positions. Later in the session the soy complex traded lower as the technical rally seemed to fail. Short-covering in the wheat market continued throughout the day with the market well bid after its sharply lower price action over the last few sessions. SOY
The soy complex firmed today led by the bean market but when the rally could not extend above...
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...
