THE OPEN May beans: 4 1/2 higher May meal: .20 lower May soyoil; 41 higher May corn: 4 1/2 higher May wheat: 6 1/4 lower The markets opened as called with oilshare pushing higher as more traders bought soyoil/sold meal. Major features included a bounce in corn, and more buying in soyoil. Corn spreads were firmer today while bean spreads were softer. The theme of the day was that of continued short-covering into the USDA report. A higher Brazilian Real vs. a weaker US dollar trade was price supportive for beans. Crude oil was "cautiously" firmer with talks slated to begin between Russia and the Saudi's on Thursday, drifting lower again by midday. SOY
The soy complex turned...
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...
