THE OPEN July beans: 4 3/4 higher July meal: .20 higher July soyoil: 23 higher July corn: 3/4 lower July wheat: 5 1/2 lower Prices opened as expected but the charts were suggestive of a corrective price rally, particularly for beans, which transpired after the open. Meal prices rebounded off their lows on the sharp rally in beans, with oilshare finding some resistance at current highs. Beans continued to lead the rally for most of the day, as spreads strengthened as well. Corn followed with buy-stops triggered over highs set this week, as end -of-month short-covering set the table for possible trading ranges from the lows. SOY
Prices opened on a fairly tentative note, but a tame open...
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...
