For the bull’s, let us count the ways:
Midwest weather has turned back hot and dry. Russia is blowing up Ukraine’s grain export capacity; the IGC tightened its global wheat and rice stock numbers; China’s economy is in doubt; and the Fed may not be finished raising rates.
We try to use data to understand markets and not just intuition, but at the same time, humans prefer there be a human somewhere in the loop. Both data and humans have been caught in the same loop for weeks and the result has been a slow but steady slide, but mostly sideways. Today was more of the same. Trading ranges were generally narrow, and trading volume was modest, except in bean oil and feeder cattle.
Crop progress re...
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...
