THE OPEN Jan beans: 6 1/4 higher Jan meal; .80 higher Jan soyoil: 15 higher March corn: 1 higher March wheat: 3 1/4 higher The market opened as called with more short-covering activity in the soy complex that set the tone for a buy bean/sell corn spread trade. The catalyst for higher beans was part technical and part trade negotiation chatter, as the narrative flipped back to a more optimistic tone on reports from Bloomberg that a phase one agreement might be expected ahead of the Dec 15 tariff deadline. SOY
The soy complex extended gains present in the night session on short-covering activity related to talk that a deal could still be ahead before the tariff deadline on Dec 15.  ...
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...
