THE OPEN Nov beans: 2 higher Dec meal: 1.50 higher Dec soyoil: 12 higher Dec corn: 1 1/2 lower Dec wheat: 4 lower The markets opened on a mixed note with corn and beans posting new highs for the move up. Wheat and oilshare values were lower as compared to the rest of the board. Short-covering was the theme of the day where funds where had the largest positions, namely beans, meal, and corn. SOY
The soy complex traded higher after the open with meal and beans once again in the lead, and soyoil values lagging the pace. Dec crush traded to 78.97c/bu while oilshare weakened to 32.00 percent. Dec soyoil prices struggled up ag...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
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...
