Markets were stronger overnight, led by (of all things) wheat. There were several reasons for that strength last night and today, including the following:
Weather across the U.S. southern Plains remains warm to hot, dry and windy. Yields and the percentage of harvested acres are both going down. There are some weather concerns surfacing in the Black Sea region. It is dry across Brazil’s corn region. USDA announced the sale of 120,000 MT of soybeans to Argentina for MY 2018/19. Today’s crop progress report highlights the slow planting progress of spring wheat and corn as well as the poor conditions of the hard red winter wheat crop. There is some optimism that the U.S. team headed to China will make progress on the trade...
What You Need to Know Today: USDA reports are delayed until Tuesday due to the federal holiday on Monday. Over the weekend, President Trump announced a ceasefire between Russia and Ukraine. Russia warmly welcomed and confirmed this ceasefire by conducting more strikes against Ukraine. Specific...
On Saturday, 10 October, at a campaign rally in Clarksville, Tennessee, President Trump said that the U.S. and Mexico would come to terms on a new trade deal, and he said Canada does not need to be part of the deal. Trump called the coming agreement with Mexico “great” but gave no d...
Key Takeaways: The United States has steadily lost global wheat export market share since the 1970s, falling from the world's leading exporter to a projected fifth place in 2026/27. The rapid expansion of Black Sea wheat exports, driven by improved productivity and export infrastructure, has r...
