Wheat and soyoil managed some green today, but corn, beans and meal saw red. Not the whole session, but most of it. Volume could be called modest to low in corn and soy complex as the trade appears to have found its positions ahead of Friday’s key USDA reports. July corn and August lean hogs found new contract lows. But hogs managed to bounce back and close higher. Technical traders all point to heavily oversold conditions, but it’s the fundamentals giving the destination and technicals choosing the route. Assuming the fundamentals are correctly understood. There is understandable weather skepticism. Every year the bears drag out disaster stories. This year’s version includes:
Black Sea frost followed by...
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...
