THE OPEN March beans: 1 lower Jan meal: 1.00 lower Jan soyoil: 14 lower March corn: 3/4 lower March wheat: 2 1/2 lower The markets opened as called with prices turning lower led by soybeans, which in turn pressured grains. The weakness in the bean market surprised many traders, as there was not a fundamental link or trade story for the quick down-turn, which suggested that recent bulls were happy with the rally. The confirmed announcement for beans seemed to only have provided a buy-the-rumor, sell the fact trade. Spread trade continues to win the majority of the volumes with Jan contracts rolling to March or beyond. SOY
The bean market turned lower today after clo...
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...
