Markets started the Sunday night session steady to just slightly higher, but wheat and corn closed this morning down a penny with soybeans 3-4 cents lower. Then during most of today’s session, corn was steady to slightly higher with wheat and soybeans lower. The following two major events this week will impact the markets:
It is Election Day tomorrow in the U.S. The outcome is still very uncertain today, although it appears Democrats will regain the House of Representatives and Republicans will hold the Senate. USDA will release its updated production estimates and supply/demand revisions Thursday. The market is looking for very slight reductions in the U.S. corn and soybean yield estimates.
There are also reports that the pres...
What You Need to Know Today: Wheat futures pulled back sharply after Russian President Putin said there was a “chance” for peace and an agreement to end the war in Ukraine. There is plenty of skepticism about the opportunity for peace in Ukraine, but that didn’t stop wheat fr...
President Trump has opened the door to 100,000 MT of beef lean trimmings (limited to HTS codes 0201.30.5091, 0201.30.5097, 0202.30.5091, and 0202.30.5097) from countries listed under the “Other Countries” TRQ effective 1 September. These imports would not be subject to the over-quot...
Key Takeaways: CHS and OCP plan to invest up to $450 million in a Louisiana phosphate fertilizer facility capable of producing more than 1 MMT annually, marking the first new U.S. plant of its kind in more than 40 years. The facility could reduce U.S. dependence on imported finished phosphate...
