THE OPEN July beans: 5 3/4 lower July meal: 1.00 lower July soyoil: 30 lower July corn: 2 lower July wheat: 4 lower Prices started the day lower and continued to find pressure from a macro risk-off environment. Corn continued to find some short-covering activity off the lows. Negative comments from President Trump about retaliation against China for the virus continued to overhang many of the markets as trade concerns returned. A good open window for planting weather also weighed. SOY
The soy complex started the day lower with meal prices turning mixed. However, buyers were not willing to chase a bean rally, and the impact of the virus on the economy and feed, as we...
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...
