THE OPEN Jan beans: 4 3/4 higher Jan meal: 1.50 higher Jan soyoil: 21 higher March corn: 3/4 lower March wheat: 1/4 higher The markets opened higher in the soy complex as shorts took the opportunity to cover beans and meal. Meal prices led the way in terms of strength as traders sold oilshare. Buy soy/sell grain trade dominated with wheat learning heavy all day on fund selling pressure. Dryness in Argentina, good crush numbers, and oversold conditions fired up the soy complex which stayed in positive territory for much of the day led by meal. SOY
Beans and meal put in a constructive day of trade on the back of technical buying activity spurred on by oversold charts and potentia...
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...
