Improved Southern Plains weather left the wheat market lower today while soy rallied on hopes of disarmament in the U.S.-China trade war. Corn was flat to lower as planting progresses in the U.S. but Brazil’s second crop is still too dry. The livestock markets were lower on traders’ concerns about the likelihood of short-term price appreciation. Today’s export sales report featured large corn sales and exports that exceeded the pace needed to meet USDA’s projections. YTD corn exports are still down 18 percent, however, giving the report a more neutral (rather than bullish) tone. Soybean sales and exports continued their seasonal decline and wheat performance was poor this week.
Notably, the pr...
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...
