The CBOT was mostly on the defensive at mid-week with funds and bears remaining in control of futures markets. Wheat was the downside leader with a wave of selling hitting all three markets after the morning opening. That pressure helped push corn lower initially, though old crop futures managed to rally and post small gains for the day. The continued fund liquidation in the soy complex kept soybeans, meal, and oil all on the defensive and old crop soybeans broke through significant technical support planes Wednesday. Fundamental news remains light, which means markets are focused on the bearish influence of Brazil’s large crops, the Northern Hemisphere planting weather, Black Sea exports, and, more recently, rising ASF cases in China...
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...
From WPI Consulting
Accountability and a comprehensive approach to export programming
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