SPREADS Dec crush improves to 80.63c/bu while oilshare is steady at 32.33% vs. 32% yesterday. Corn spreads firm with Dec/March into 11 3/4c from 12c and Dec 19/Dec 20 trading into 17c from 18c. The Dec/March corn spread trades from 1.00 1/2c to 1.03c. PALM OIL Dec down 5 ringgits. NEWS Stocks trading either side of unchanged, but mostly firmer. Chinese still out for holiday. REPORTS Export sales:
beans: 19/20 net 2.08 tmt (vs. 900-1.4 mmt good, over the expected) meal; 18/19 net 21,500 tmt and 19/20 net 136,800 tmt (vs. 50-350 tmt poor) soyoil: 19/20 net 2,500 tmt (vs. 5-40 tmt poor) corn: 19/20 net 562,600 tmt and 20/21 net 2,500 tmt (vs. an expected 400-800 tmt low end) wheat: 19/20 net 328,500 tmt (v...
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...
