Last week’s unexpectedly big hard red winter wheat yield forecast from the wheat tours kept pressure on wheat again today. The big rally in the U.S. dollar was also a negative factor. The fact that corn and soybeans were also very weak added to the wheat problem. General Comments Markets were quiet in the Sunday evening session, but they turned lower at this morning’s opening and traded lower the rest of the session. The bearish news today was:
USDA’s May reports will be released tomorrow, and no one expects any bullish news. The acting leader of the lower house in Brazil’s government evidently figured out a way to annul the impeachment vote. That sent the real and Brazil’s stock market crashing lower. Crude oil was down more than $1...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
As fall begins, wild migratory birds are starting their seasonal migration. That has the industry and government officials worried about the potential spread, again, of highly pathogenic avian influenza (HPAI). Some members of Congress have called for the United States to be prepared for a pote...
