After a bloodbath of a week, the CBOT finally showed some signs of support and higher trade on Friday. Wheat was actually the upside leader (yes, you read that correctly), due largely to short-covering and risk-off trade related to Russia’s increased attacks in Ukraine and the risks facing the export corridor agreement’s renewal. Corn followed wheat higher and spreads were a bit firmer as rumors of cash market activity and commercial interest circulated. Soyoil futures plunged lower in a follow through on Thursday’s weak trade and helped pull soybean futures off their early highs and into a lower close. Despite the fact that wheat and corn posted end-of-week gains, the trends for both markets still remain lower while soybe...
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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