Today was another mixed but generally bearish trading day in the New Year. Nothing has changed from the fundamentals of December when values generally moved higher, except maybe new doubts about the general direction. December’s highs are now on the defensive. The only thing holding up thus far is soymeal. Over the past week of trading, March corn is down nearly 27 cents, soybeans are off 45 cents and SRW is down over 27 cents.
The market sees ample Black Sea wheat, lots of incoming Brazilian soybeans and corn, but a strong dollar and the risk of recession and Chinese demand weakened by COVID. The U.S. Department of Energy added to the bearishness by reporting that gasoline demand last week was down by nearly 20 percent, with etha...
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...
