THE OPEN July beans: 3 3/4 lower July meal: .50 higher July soyoil; 23 higher July corn: 2 1/2 higher July wheat: 3 1/2 lower Stocks and commodities were higher today as the Trump administration walked back comments towards China as regards the virus. Outside global markets were steady to higher, as countries set about the business of opening up economies once more. The key beneficiary of an operating economy is crude, which was sharply higher. Crude is often a proxy for other commodities, and today it offered up support for a turn-around Tuesday trade. Bean prices firm with another announcement of a sale to China. SOY
The opening feature in the soy complex was that of f...
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...
