THE OPEN July beans: down 1 1/2 July meal: .90 higher July soyoil: 38 lower July corn: 1 1/4 lower July wheat: 4 lower Prices opened as expected but soon turned lower as funds came out selling once again. Crude oil prices dropped once more, which offered some light resistance to corn and soyoil futures. Oilshare weakened as soyoil demand is hit due to the virus, and building storage problems created more downside. SOY
Funds started the day by selling, with soyoil futures working lower on the back of weaker palm, (trading to new contract lows) and crude. July oilshare trades just below 31.0% to 30.95% where prices find some stability. July soyoil triggers...
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...
