As forewarned in yesterday’s commentary, “if there is an extension of the corridor agreement, expect U.S. wheat to tumble hard and fast.” The missile that hit Poland turned out to possibly be an errant output of Ukrainian air defense. Plus, Russian Deputy Foreign Minister Sergei Vershinin told Izvestia that Moscow wants no disruption to global food security efforts, indicating the grain corridor agreement would be extended. Grains and oilseeds were in the red overnight. The Russians acknowledged “certain progress” toward their demands for a deal, and the UN said there are reasons to be “cautiously optimistic.” That was all enough to sink wheat but overall, this remains a sideways market. ...
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...
From WPI Consulting
Accountability and a comprehensive approach to export programming
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