THE OPEN:
Nov beans: 2 1/2 lower Dec meal: .50 lower Dec soyoil: 20 lower Dec corn: 2 lower Dec wheat: 3 1/4 higher
The markets opened as called, which was mostly weaker (except for wheat). Selling was noted for the soy complex out of the starting gate, with more buy grains/sell soy spread trade. Oilshare and the crush worked their way lower. By the middle of the day it was clear that bears were going to win the battle with most of the markets, except wheat, trending weaker. SOY The soy complex worked lower today as the sell side of a buy grains/sell soy spread trade. Better rains are now forecast next week for Brazil, and plantings in the major producing-state of Mato Grosso can begin. Weaker currencies are giving Brazilian far...
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...
