Although it didn’t start out that way, today’s trading ended mostly in the green for grains and soybeans despite continued weak fundamentals and large net shorts positions by speculators. For the trading week, May corn is now up 4 cents, May soybeans have gained 13.75 cents, and May SRW has added 18.75 cents.
It isn’t export sales that are bolstering the market. Wheat had more washouts, leading to a marketing year low for weekly commitments – though it did beat expectations for sales in 2024/25. Soybeans were unremarkable but it was another solid week for old crop corn and soymeal.
Near-term, weather continues to be benign at best but generally bearish. Soaking rains are aiding crops in central...
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
On Friday, at 6:57 AM, President Donald Trump announced, via a social media post, a 90-day window during which up to 300,000 metric tons of product for ground beef could be imported outside of tariff-rate quotas—a move aimed at bringing down costs for American consumers. This is the secon...
