THE OPEN March beans: 1 1/2 higher March meal: .50 lower March soyoil: 33 higher March corn: 1 14 higher March wheat: 9 higher The markets opened as called but beans turned two-sided with short-covering drying up on the back of poor export sales and good growing weather in South America. Oilshare continued its upward path as meal prices took out recent lows that triggered sell-stops. Sharply higher wheat helped corn to find a bid in order to trade back towards the highest end of the range, where more hedge pressure was noted. SOY
The major feature in the soy complex was that of a continuation of higher soyoil and oilshare prices. Bean prices, which had been responding to higher soyo...
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...
