THE OPEN July beans: 1 3/4 lower July meal: 2.90 higher July soyoil: 22 lower July corn: 1 3/4 lower July wheat: 11 3/4 lower Prices opened lower and continued to grind into fresh trading range lows except for meal. Weaker crude pushed corn and soyoil prices lower, with the EIA report data continuing bearish as well. Funds continue to sell on fundamental and technical bearish chart considerations. Oilshare continued to weaken on a meal bounce vs. weaker soyoil futures. SOY
The soy complex features included higher meal vs. lower soyoil futures, and beans more or less in the middle. Meal prices rebounded, but overall remain in a large down-trend as the impact of...
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...
