THE OPEN November beans: 5 3/4 higher December meal: 1.50 higher December soyoil: 25 higher December wheat: 1 higher December corn: 2 1/2 higher The markets opened on a firm note but wheat values traded lower pulling corn off the highs. Weaker grains pulled the soy complex lower with soyoil prices moving into the red first on the day. The most negative item for the day was the current weather pattern, which continued to show good rains crossing different portions of the Midwest. The Pro Farmer crop tour will enter states that have a chance of finding numbers more in line with USDA findings, which threw some caution into the market. SOY
Funds are probabl...
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...