THE OPEN Nov beans: 2 higher Dec meal: 2.50 higher Dec soyoil: 60 lower Dec corn: 1/2 lower Dec wheat: 10 lower The markets opened as expected with profit-taking in wheat and wheat/corn spreads. Oilshare continued to leak lower as charts leaned friendly for meal and sideways for soyoil. Buy bean/sell corn and buy meal/sell soyoil trade continued throughout the session. Outside markets were weaker with stocks down sharply on geopolitical tensions over current events in Afghanistan. Prices turned lower from higher as bulls took profits into midday. SOY
The main feature in the soy complex was that of profit-taking in oilshare. Sep crush trades steady at 1.04c while oil...
What You Need to Know Today: American and Mexican officials met Tuesday and will meet again Wednesday for another round of trade talks, where ag and energy will be a key topic. Another round is scheduled for 20 July. Ag groups are urging President Trump to renew USMCA for another 16 years, but...
Since the first U.S. case of New World Screwworm (NWS) was confirmed on 3 June, USDA has confirmed 12 cases. The latest was confirmed in a sheep on 12 June, with four additional cases confirmed in Texas on 11 June, three in cattle and one in a goat. The New Mexico case confirmed that the infect...
Key Takeaways: China has invested heavily in the Port of Chancay to strengthen trade links between South America and Asia. The port could reduce shipping times to China by up to two weeks and improve export competitiveness. Inland transportation infrastructure remains the primary obstacle to r...
