THE OPEN November beans: 10 higher December meal: steady December soyoil: 60 higher December corn: 2 higher December wheat: 2 lower Prices opened as expected but rallies did not get too far as some position-evening was noted on the rally. Moderate buying activity was noted early on the back of continuing chatter about production declines for Russia. Most traders are in the mindset that USDA will trim yields for corn, while bean yields may be left unattended. SOY
The major feature in the soy complex was that of higher oilshare once again. Buy soyoil/sell meal put oilshare values in Sep up to 46.78%. Sep. crush values traded at 1.16c. Soyoil gained on meal all day as prices...
What You Need to Know Today: American and Mexican officials met Tuesday and will meet again Wednesday for another round of trade talks, where ag and energy will be a key topic. Another round is scheduled for 20 July. Ag groups are urging President Trump to renew USMCA for another 16 years, but...
Since the first U.S. case of New World Screwworm (NWS) was confirmed on 3 June, USDA has confirmed 12 cases. The latest was confirmed in a sheep on 12 June, with four additional cases confirmed in Texas on 11 June, three in cattle and one in a goat. The New Mexico case confirmed that the infect...
Key Takeaways: China has invested heavily in the Port of Chancay to strengthen trade links between South America and Asia. The port could reduce shipping times to China by up to two weeks and improve export competitiveness. Inland transportation infrastructure remains the primary obstacle to r...