The CBOT was mixed with Monday’s strength in various markets fading quickly and giving way to a “turnaround Tuesday”. Corn and soyoil were the two holdouts from the turnaround pattern as both markets saw demand-side factors boost values to modest gains. Beyond that, traders were largely unwilling to chase the rally – especially in soybeans and soymeal – with the USDA’s key reports due out Friday. Even cattle futures, after locking limit-up on Monday, traded a mixed day and ended generally lower as specs are becoming increasingly cautious. Trading is generally muted for several days in advance of the USDA’s WASDE reports, and that trend seems amplified this year amid the partial data blackout from th...
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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...