THE OPEN March beans: steady March meal: 1.80 lower March soyoil: 33 higher March corn: 3 3/4 lower March wheat: 8 lower Prices turned lower on the day from the open as gaps filled with weaker trade triggered more selling pressure. March meal, which was the weaker market at the outset, continued to hold near contract lows as commercial pricing interest continued to run high. However, even meal set a new contract low as pressure resumed across the soy and grain space. SOY
The soy complex started the day on a mixed note but soyoil liquidation and fund selling in the bean market set the tone for a weaker session. Funds sold beans from the start while meal prices traded to new contract...
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...
