THE OPEN March beans: 3 1/2 lower March meal: .40 lower March soyoil: .24 lower March corn: 5 lower March wheat: 8 1/4 lower The markets opened lower with fund selling in each market, namely profit-taking in soyoil and wheat, and what is probably new short positions in beans. Funds added to corn shorts, and more meal pricing took place on fund selling as well. China's lack of clarification on a time line and comments that suggested they will purchase when market conditions were right weighed on price action. Volumes were bigger today as old bulls liquidated and new bears came into the marketplace. SOY
The major feature in the soy complex was that of fresh selling in...
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...
