THE OPEN May beans: 1 1/2 higher May meal; 1.50 higher May soyoil: 10 lower May corn: 2 higher May wheat: 2 1/2 higher The markets opened mostly higher, but strength did not last long, as higher markets need energy and volumes to trade upward. Today continued to be about more light position-squaring into the April report, and a 3-day weekend. Volumes in spreads increased as this is day two of the Goldman roll. SOY
The soy complex started the day on a firmer note, but weaker soyoil chart direction weighed on beans. Beans continue to suffer from a lack of demand, though prices are mainly sideways. Meal prices were firmer for a change, with May bouncing of...
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...
