THE OPEN Nov beans: 8 1/2 lower Dec meal: 2.30 lower Dec soyoil: 26 lower Dec corn: 1 1/2 lower Dec wheat: 2 lower The markets opened as called with the soy complex turning lower as better weather and technical price action created more net selling. Buy grains/sell soy and buy wheat/sell corn trade were the fan -favorites for the day. September contract liquidation continues with deliveries expected for corn, beans, meal, and soyoil. SOY
Technical price action took over as weaker opens continued to work lower triggering sell-stops on the way down. Dec meal prices traded back into its base of support, which also tends to weaken it once levels are approached time and time again. ...
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...
