Global weather continued to spur fund buying in corn and wheat while soybeans were pulled lower by uncertainty on the trade outlook. The U.S. and China are, of course, meeting this week to discuss the future of trade between the two countries. One must wonder how much progress can be expected given President Trump’s bombastic approach and recent reports that China is annoying U.S. fighter pilots with lasers. The Export Sales report was bearish wheat (again) and neutral/bullish corn and soybeans. For the latter commodities, export sales and shipments were above levels needed this week but the large YTD decreases in shipments keeps the report’s interpretation as neutral.
Outside the walls of CME/CBOT trading, U.S...
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...
