The CBOT was mostly red on Tuesday with a combination of technical factors and a policy position reversal from the American Petroleum Institute weighing on markets. The API sent a letter to congress saying it reversed its earlier support for year-round sales of E15 fuel and said the government needs to address fuel market deficiencies before it can support E15 again. That news obviously weighed on corn futures, and wheat followed with ample fundamental pressure of its own. Soyoil also saw some ill effects of the API news, which helped pull soybeans off their overnight highs. Technical factors also drove soybean trade Tuesday, which will be a key factor to watch moving forward. Overall, the day’s trade highlighted how sensitive ag mark...
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...
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