THE OPEN March beans: 2 higher March meal: .10 lower March soyoil: 39 higher March corn: 1 1/4 higher March wheat: 1 higher The markets opened as expected with soyoil and oilshare trading into new highs for the move upward on the back of a strong palm oil market. Stronger soyoil values gave first direction to bean trade, which set new highs for the move up at the start of the day. First notice day for Jan. contracts is Dec. 31, with traders continuing to roll or liquidate. Spreads were firmer as we approach the end of the month. The markets were mixed at midday, weaker for meal with corn attracting a bit of selling pressure as well on signs of market strength. SOY
The major fea...
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...
