THE OPEN Nov beans: 2 1/2 lower Dec soyoil: 18 higher Dec meal: 1.30 lower Dec corn: 2 1/2 lower Dec wheat: 4 1/2 lower Prices opened as called but today was a risk-off day in general with heavy losses in the stock market and a higher US dollar providing market weight. Soyoil prices worked higher as oilshare corrected on a positive crush report and more talk of a biofuels deal. SOY
The soy complex opened on a weaker note but certainly macro elements played into today's setback. Though prices worked lower, they certainly did not "fall apart" by any means, with lower key support levels intact. The key feature in the soy complex was tha...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
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...
