THE OPEN March beans: 4 1/2 lower March meal: .60 lower March soyoil: 41 lower March corn: 1 lower March wheat: 3/4 lower The markets opened lower across the board, with stocks and commodities weaker, which produced an across-the-board day of selling activity from the open. However, lower prices quickly turned higher in the grains. Corn was the upside leader today in terms of more business announcements and technicals as prices remained higher, over key moving averages of $3.87 for the March contract. Buy corn/sell beans and wheat trade continued as corn shorts elected to get something covered in lieu of the larger commitment of trader's positions to the short side. SOY
The soy complex tra...
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...
