After a mostly dreary week, grains and soybeans managed a modest turnaround today. Not a complete turnaround as there were still net losses for the week but they were left shallower. The big driver was the falling dollar and perceptions that the economy is moderating. For the week, December corn is down 23 cents, December SRW is 34 cents lower, and January soybeans lost 12.25 cents.
The CFTC’s Commitment of Traders report is delayed until Monday due to today’s Veterans Day holiday. However, it is expected to show funds getting out of corn due to the constant drumbeat of low exports. There is no early word from a meeting today between the UN, Russia, and Turkey on whether to extend the Black Sea grain corridor for Ukraine p...
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...
