THE OPEN July beans: 1 3/4 higher July meal: 1.10 higher July soyoil; 2 higher July corn: 2 higher July wheat: 1 lower The markets opened as called with more profit-taking in recent buy bean/sell corn trade. Funds are huge shorts in the corn market, and short-covering was not unexpected. Gains were posted in oilshare as beans/meal slid lower after the open. Lack of demand for beans and meat packing shut - downs created a need for price action to accommodate the loss of demand. SOY
Bean and meal prices were mixed on the day, starting higher but turning lower after the open on new fund selling. Rumors abound that China has purchased Brazilian beans into the summer, m...
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...
