All the major contracts opened in the green but by the close only soymeal, HRW, and the livestock complex remained that way. Profit-taking was one aspect but most noticeable was lower volume for most of the markets, and a narrow trading range for many. It appeared that everything was positioned as desired ahead of tomorrow’s big USDA reports. Wheat showed the first signs of early cracking as SRW and HRS turned south, followed by soyoil. Thereafter, many of the commodities began to lose their opening shine. By the close, just soymeal, HRW, HRS ,and the livestock complex held onto gains. Still, the past several days of trading have erred toward firming up values even as the trend had been somewhat bearish.
The morning&rs...
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...
