THE OPEN Nov beans: 5 3/4 lower Dec meal: 1.50 lower Dec soyoil: 17 lower Dec corn: 1/4 lower Dec wheat: 2 3/4 lower Prices opened as expected with corn once again holding above recent lows even as fund selling hit the bean market at the start of day. Buy grains/sell soy trade surfaced at the open, along with meal improving on soyoil trade. Trade was fairly quiet as prices found buying interest on breaks with funds continuing to cover in some of their short positions. By midday, corn continued to hold in but the other markets traded lower on the day. SOY
The soy complex opened as called with prices trading lower on the day. Soy...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
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...