THE OPEN July beans: 1 1/4 lower July meal: .10 lower July soyoil: 7 higher July corn: 1 3/4 lower July wheat: 5 1/2 lower The markets owned as expected but wheat futures tumbled, applying pressure elsewhere on the board. Outside markets were mixed as Federal Reserve Chairman Jerome Powell warned of a prolonged threat resulting from Coronavirus, making clear that a recession could last longer than expected making it hard for the economy to bounce back. Stocks and crude oil prices took a turn lower on the back of those comments, providing a "risk-off" day of trade across the board. SOY
Despite another announcement of beans sold to China the complex traded lower after the o...
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...
