THE OPEN Nov beans: 6 lower Dec meal: .40 higher Dec soyoil: 90 lower Dec corn: 6 lower Dec wheat: 5 lower The markets opened as called but selling emerged quickly taking prices into sell-stops. Oilshare once again found selling pressure, with soyoil futures trading back towards recent lows. Wheat futures ran sell-stops below $7.22, but quickly found support as prices neared the $7.00 benchmark in Chicago. Buy wheat/sell corn spread trade was evident. SOY
The soy complex opened as called but funds quickly turned sellers on liquidation of September contracts, rains around the Midwest which could encourage pod development, and the disruption of loadings in New Orleans where...
What You Need to Know Today: American and Mexican officials met Tuesday and will meet again Wednesday for another round of trade talks, where ag and energy will be a key topic. Another round is scheduled for 20 July. Ag groups are urging President Trump to renew USMCA for another 16 years, but...
Since the first U.S. case of New World Screwworm (NWS) was confirmed on 3 June, USDA has confirmed 12 cases. The latest was confirmed in a sheep on 12 June, with four additional cases confirmed in Texas on 11 June, three in cattle and one in a goat. The New Mexico case confirmed that the infect...
Key Takeaways: China has invested heavily in the Port of Chancay to strengthen trade links between South America and Asia. The port could reduce shipping times to China by up to two weeks and improve export competitiveness. Inland transportation infrastructure remains the primary obstacle to r...
