THE OPEN March beans: steady March meal: .30 lower March soyoil: 10 higher March corn: 3/4 higher March wheat: 3/4 higher The markets opened as expected and quickly entered into position evening. Wheat was the first to turn lower, as funds now hold a core long position. March soyoil futures followed as funds are a record long for this market. There is not much more time to get out of positions, with an early close before Christmas, and closure on the holiday. Funds are estimated to now be short 60K corn, 80K beans, and 26K meal. Funds are long a record 100K soyoil futures and 30K wheat. SOY
Bean prices found light volume short-covering activity that took price...
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...
