THE OPEN July beans: 12 3/4 lower July meal: 3.20 lower July soyoil: 57 lower July corn: 5 lower July wheat: 7 1/4 lower Prices opened lower as expected with beans punished the most given the exposure to heightened rhetoric from the Trump Administration that could threaten the Phase One deal. Wheat prices recovered after the open as traders bought wheat/sold beans and corn. A faster-than-expected planting pace is expected in the crop progress report after the close, which also added to a bearish mindset. In headline news items, Tyson Foods stated that the coronavirus would continue to limit US meat supply. SOY
The soy complex opened weaker with fund selling at the open for bea...
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...
