Wheat and corn continue to trade on one edge of the distribution while soybeans and soymeal chase the other side. The continuing trend is for declines in the value of corn and wheat, while soybeans push higher. Thus far this week, January soybeans have gained 47.75 cents (3.3 percent), while corn and wheat chase the other direction.
Then again, soybean fortunes are likely to reverse in a just a few more weeks when Brazil starts hitting on even more cylinders. Soymeal seems unlikely to hang on to outsized gains, especially if soydiesel enthusiasm sputters. Corn is hanging in there better than expected, though it has been held up by domestic demand, and now ethanol is chasing gasoline demand lower. The USDA weekly Export Sales...
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...
