It was a mixed day for futures trading with corn and wheat rebounding from early week contract lows but the soy complex sliding lower on a weak petroleum market that dragged soyoil down with it.
Weather added a bearish overlay as rains continue to be helpful for Argentina and the forecast calls for increased chances of showers in droughty northern Brazil. There are also storms moving across the overly dry U.S. southwest HRW crop. Deliveries against the expiring December contracts were not as many as expected. Registrations in advance included 2,950 CBOT wheat contracts, four lots of corn, and 62 for soyoil. Deliveries turned out to be just 1,347 for Chicago wheat, and nothing for corn or the soy complex. The China Int...
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...
