THE OPEN July beans: 2 lower July meal: steady July soyoil: 16 lower July corn: 1/4 lower July wheat: 2 lower The markets opened as called with unwinding of previous buy soy/sell grain trade. Corn prices saw a short-covering rally as bean prices remained under pressure. Funds continue to build a net short in corn, but oversold extremes prompted a few to take off positions. Cool and wet weather continues in the southern regions, which could take away from corn and add to bean acres. SOY
Beans and soyoil opened lower, with beans selling off quickly on the back of poor export sales. China is said to be once again purchasing beans out of Brazil, as they a...
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...
