THE OPEN Nov beans: 4 1/2 higher Dec meal: .90 higher Dec soyoil: 33 higher Dec corn: 3/4 higher Dec wheat: 4 lower Prices opened as called with a higher soy complex values vs. weaker grains. Wheat prices continued to journey lower after the open while corn ran into slightly better support after placing new trading range lows for the move down. Funds are an estimated flat in corn, short 80K contracts in beans, and short 5K wheat. Spreading was abundant with buy beans/sell grain trade intact for much of the trading session. SOY
November beans pushed through minor resistance levels to bounce higher with products tagging along for the ride. For the day, soyoil futures...
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...
