There was lower volume across the board today with some contracts stuck in narrow trading ranges. Corn, soybeans, and HRW appeared to porpoise, seemingly unsure about the right direction. The one big input to the market came after the close when USDA released a decidedly bullish Cattle on Feed report. For the week, corn, soymeal, HRS, and cattle had modest gains; soybeans, soyoil, SRW, HRW, and hogs had small losses. The Monday morning open for cattle is going to be a sight to see.
This week saw volatility from a perceived Russia strike on NATO member Poland, which turned out to be false, and a 120-day extension of the protected Black Sea grain corridor. Despite the angst over its renewal, the future of Ukrainian grain on the ma...
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...
