What You Need to Know Today:
Excitement over China’s agreement to purchase $17 billion of U.S. ag commodities subsided, as traders are cautious amid the yet-unspecified allocation of those purchases. Monday’s Crop Progress report did not significantly change the narrative for corn and soybeans, with progress running normally. The Crop Progress report did, however, show further significant declines in winter wheat ratings, with the poor/very poor rating hitting the highest mid-May level since 2014. Crop futures were mostly sideways Tuesday as traders consolidated positions and waited for further details about China’s buying plans. Cattle markets turned higher amid strong physical demand and renewed hopes for improved consu...
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...