THE OPEN May beans: 2 1/2 higher May meal: .40 lower May soyoil: 21 higher May corn: 4 higher July wheat: 8 1/4 higher The market opened as called but funds sold more corn, bean, and meal sending prices to new trading range or contract lows. Wheat and soyoil prices held their opening gains as other markets sold off. Lower crush and higher oilshare were major features of trade. Buy soyoil/sell meal and buy wheat/sell bean and corn spreads were dominant. SOY
The soy complex opened higher but it was back to selling beans and meal as funds took opening higher prices as a chance to put on sales. May beans sell off below $8.55, which triggers sell-stops and a trade...
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...
