On low to average volume, the trading range has tightened. While corn and wheat have been ascendant, today it was corn and soybeans settling higher and wheat was down.
Continuing to hang over the market, and especially animal proteins, has been bank failures and Fed tightening. Wall Street got a boost of confidence today on a bailout orchestrated by the largest U.S. banks. Proving that they are all in this together, they deposited $30 billion into the shaky mid-major First Republic Bank. A bank that should never have gotten into trouble considering its portfolio is low-risk, high net-worth investors. The Dow was up over a percent, the S&P gained 1.76 percent and Nasdaq gained 2.48 percent. Though all the indices remain down on...
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...
