For most commodities it was a lackluster day but there was higher volume trading in soyoil and cattle. Palm oil was the support behind soyoil and cattle values push higher as slaughter falters and demand for boxed beef remains supportive. The U.S. Energy Information Agency (EIA) reported that ethanol output last week was down 3.1 percent to 1.02 million barrel per day, and that ethanol stocks were down a little over one percent to 25.78 million barrels. The agency also noted that gasoline production in the week to 8 March jumped higher at the same time that oil inventories fell as refineries recovered from maintenance procedures. Tomorrow’s USDA Export Sales report could have an outsized influence tomorrow as there...
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...
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Illuminating the value of technical research
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