THE OPEN Nov beans: 6 higher Dec meal: .10 lower Dec soyoil: 50 higher Dec corn: 6 higher Dec wheat: 3 higher Prices opened as called but cancellations of beans surprised the market with an initial sell-off. Corn prices in particular led the way higher, with oilshare firmer as well. Highs in energies lent support to soyoil which in turn supported beans. The weaker US dollar on the back of buy energies/sell currency supported ags in general. All weakness was purchased today as charts and technicals begin to turn more bullish. SOY
The soy complex traded higher led by soyoil futures which remained on a firmer path in affiliation with strong crude which traded up to new highs...
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...