THE OPEN November beans: steady December meal: .80 lower December soyoil: 18 lower December corn: 3 higher December wheat: 3 1/2 lower The markets started out on a mixed note but buy corn/sell wheat and bean trade and buy soyoil/sell meal spreads were active trends for the day. Dec oilshare worked higher. There was light short-covering and bottom-picking in the corn market, which eventually tested the weekly trading range lows of the day. Net-net funds were sellers at the open on the day pushing price action back towards the lower end of ranges. SOY
The soy complex started the day higher, but prices soon turned mixed, despite reports that Chinese cru...
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...
