There was a “show me the money” attitude in today’s trading as caution replaced yesterday’s enthusiasm in both ag markets and on Wall Street. Let’s count the many sources of hesitation.
Soybeans, meal, and wheat have all been overbought with high RSI’s. There is known to be a lot of supply, but competitiveness is more uncertain with lower prices in South America and Europe. Market data is too dependent on derivative reports while the government is shutdown. There is a trade agreement with China but its terms appear improbable given current market dynamics. The Supreme Court may strike down Trump tariffs, which will undermine many of the trade agreements that have been negotiated, and pr...
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...
