After a wild week, the final trading session featured lower volume and measured moves. The result of the five days of trading included small gains for corn and soybeans, and a 9 percent fall in May SRW. Still, cash basis remains strong, and speculators reduced their short positions in wheat while increasing their long positions in corn. They shed 7.7 percent of their long positions in soybeans.
The market took a head-fake from Vladimir Putin, who implied progress was being made in peace negotiations. He also said he would not invade Ukraine. The Ukrainian grain industry says it is short fuel and fertilizer and will likely plant less exportable crops like sunflower, rapeseed, and corn, while instead focusing on domestically needed c...
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...
