Except for the red-hot soyoil market, the CBOT was mostly lower on Monday, with favorable South American weather and pre-WASDE position adjustment driving the day’s mentality. Corn, wheat, and soybeans all settled slightly lower Monday in either consolidative trade or a continuation of chart and technical weakness that began last week. Traders were unwilling to expand long risks amid abundant global grain supplies, Brazil’s massive soybean crop, and uncertainty as to how USDA will handle China’s supposed 8 MMT of additional U.S. soybean purchases, which contributed to the lower trade. Cattle markets saw firm trade despite news of a higher TRQ for Argentine beef imports while hog futures saw a day of mixed and spread-influe...
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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