The grains complex collapsed today under slow exports, fund liquidation, and harvest pressure. Corn, soybeans, and wheat futures were sharply lower and took out recent technical support points. Cattle futures were lower as well as bulls and bears switch dominance with each passing day. Hog futures were mixed with spread trade determining trade direction. Export sales data were disappointing in this week’s report while actual shipments were above needed volumes for corn and soybeans. Consequently, the trade interpreted the data as neutral those two commodities. As per usual, the data was bearish wheat, with sales and shipments falling below their needed values.
Wall Street is higher as of this writing with the D...
What You Need to Know Today: USDA reports are delayed until Tuesday due to the federal holiday on Monday. Over the weekend, President Trump announced a ceasefire between Russia and Ukraine. Russia warmly welcomed and confirmed this ceasefire by conducting more strikes against Ukraine. Specific...
On Saturday, 10 October, at a campaign rally in Clarksville, Tennessee, President Trump said that the U.S. and Mexico would come to terms on a new trade deal, and he said Canada does not need to be part of the deal. Trump called the coming agreement with Mexico “great” but gave no d...
Key Takeaways: The United States has steadily lost global wheat export market share since the 1970s, falling from the world's leading exporter to a projected fifth place in 2026/27. The rapid expansion of Black Sea wheat exports, driven by improved productivity and export infrastructure, has r...
