THE OPEN Nov beans: 1 higher Dec meal: 1.00 higher Dec soyoil: 12 lower Dec corn: 1 1/2 higher Dec wheat: 2 higher The markets opened as called but after an effort to push lower in the PM session did not materialize funds set about the business of covering in some of their short position, the catalyst being that of higher than expected export sales for beans, corn, and meal. The reaction after the report was for these markets to firm to a steady close. Producers are watching the rally, but selling ideas are higher than current price activity. SOY
Bean prices worked higher after holding key support at $8.85, while oilshare continued a minor downward correction. ...
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...
