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...
WPI Grain Prices and Freight Rate App Note: you can also visit the app directly by clicking here. Supplemental Information The section below offers a concise view of the options available in the current version of the WPI FOB Price and Freight Rate app, along with a short “...
What You Need to Know Today: Iran says its definition of the Strait of Hormuz is now a “vast operation area” that stretches from Jask to Siri Island. The White House said President Trump did not sign a suspension of the TRQs on beef imports but is “finalizing potential...
If the media headlines and Trump critics are to be believed, President Trump is headed to Beijing this Thursday in a weakened position. China is in control, it has the upper hand, and expectations are very low. These are the same critics that argue against overly simplistic zero-sum analyses in...
