Few people like the big banks but they can set the mood and that is what happened with reports of earnings declining at JPMorgan and Morgan Stanley. The overall trend is down as outside markets trump the fundamentals in ags. One Bloomberg analyst concluded that commodities were never a good investment anyways! Still, it was a mixed day for ags with corn and soymeal ending higher, the rest lower. Seemingly ignored was the weather, which is retuning hot and dry at the same time 45 percent of the production area is short on subsoil moisture.
The quad (Ukraine, Turkey, Russia, and the UN) are set to meet again next week, purportedly to sign an agreement allowing grain exports from Ukraine, but it should be noted that the Western allia...
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...
