THE OPEN March beans: 2 higher March meal: .40 higher March soyoil: 20 higher March corn: 1 3/4 higher March wheat: 4 1/2 higher The markets opened the day on a firm note as called, but bean prices quickly turned two-sided with March meal dropping to new lows triggering sell-stops. Buy grains/sell soy trade emerged, with wheat rallying. March wheat maintained strength on a technical basis, while oilshare firmed on meal weakness vs. soyoil price strength. SOY
The soy complex trade was choppy, with funds selling beans and meal from the opening bell. March beans traded down through $9.50 again, while March meal sliced through key support at $300.00, triggering sell-stops and a move to the low...
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...
