THE OPEN:
July beans: 7 higher July meal: 1.20 higher July soyoil: 35 higher July corn: 2 3/4 higher July wheat: 1/2 higher
Prices opened as expected with more traders cleaning up position in front of what is going to be a very chilly weekend. Cold weather extremes will likely keep markets well bid. The commitment-of-trader's report will be released which will likely show traders playing it close to even on beans, slightly short productions, slightly long wheat, and net short corn to the tune of 200K. Beans remained the most impacted by recent news, as prices climbed to new highs for the rally off recent lows. It was reported that US and Chinese high-level reps spoke by phone and vowed to continue to support the trad...
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...
