THE OPEN Jan beans: 7 1/2 higher Jan meal: 1.10 higher Jan soyoil: 30 higher March corn: 2 1/2 higher March wheat: 1 1/2 higher The markets opened as expected with a surging soyoil market and oilshare cushioning beans. Buy soyoil (on the back of higher palm and energies) and lower meal all taking oilshare higher. Buy beans/sell corn and wheat trade was also a feature for most of the session. Stats Canada was positive for canola, with acreage dropping, which added to soyoil strength as well. SOY
The feature of the day was the path of higher soyoil futures, which triggered buy-stops when prices traded back over 31c in the Jan market. Funds were net buyers of beans, meal, and soyo...
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...
