THE OPEN July beans: 2 3/4 lower July meal: .50 lower July soyoil: 7 lower July corn: 3/4 lower July wheat: 1/4 lower Prices opened as expected, with a series of business announcements not offering any support as chatter / rumors/ confirmations seemed to be already factored into current trading ranges. Corn ran into better farmer movement on the corrective bounce this week, while recent bean bulls took something off the table in front of the weekend. May options expire at the close of business today, while first notice day for May futures will arrive next Thursday. SOY
The soy complex broke from the start of the day as traders took opening strength to get something...
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...
