The grain and soy futures market price action has evolved into a contest between extremely tight old crop soybean supplies and old crop futures and just about everything else. General Comments The overnight session saw old crop soybeans trading higher, while corn and wheat prices dipped to new lows for the current down trend. Dalian soybeans closed higher, which supported the U.S. market. However, Dalian soymeal prices fell, putting the Dalian board crush margin in a real squeeze. Early trading during the day session had soybeans, old and new, plus corn trading on both sides of the previous close. SRW wheat futures were mostly lower after being unable to move above yesterday's closes by more than fractions. HRW futures traded higher brief...
Key Takeaways: Milk alone has not covered the full economic cost in any year since 2021: milk revenue fell short by $4.50, $2.15, $6.50, $1.27 and $2.34 per hundredweight in 2021 through 2025. Calf and cattle prices decided whether dairies cleared cost: cattle and other income lifted total rev...
Key Takeaways: Dry bulk markets are mixed with Capesize rates seeing solid gains while Panamax values slipped on a growing tonnage list. Supramax and Handysize vessels were stronger, though all sectors remain vulnerable to the seasonal dip in rates through Q4 and into Q1. Falling water l...
What You Need to Know Today: The Federal Reserve held interest rates steady at 3.75 to 4.0 percent Wednesday, with two officials dissenting in favor of a 25-basis-point increase. The Fed upgraded its assessment of economic growth from "solid" to "strong" but adopted a more patient approa...
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