The weak jobs report sent most economic indices lower, except for gold. The dollar slumped lower despite the increased likelihood of interest rate cuts. Corn, soybeans and some wheat contract teased higher at the start of the session but they couldn’t hold. There was yet another new contract low for HRS. Outside markets put the bears in charge. It was a tough week all around for bulls, unless they are into pigs. Corn was the least damaged in the grains.
After 10 straight higher weekly closes, Live Cattle went down this week. It was the seventh week in a row lower for HRW. The third week higher for hogs. The third week lower for soymeal. The second week in a row closing lower for soybeans and soyoil.
Reports...
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...
