Trading opened today’s session mostly in the green, except for feeder cattle, but late in the session corn and the soybean complex turned lower. Notables for the week included new contract lows for:
November soybeans December soymeal September SRW September HRW September HRS
Weather will continue to drive this market and an active front brings bearish showers across the Midwest next week and delivers some relief to the parched southeast. However, the high heat in the west drifts eastward later in the week. The Climate Prediction Center issued its three-month drought outlook for the U.S. As noted by Dave Juday in yesterday’s Livestock Roundup, the drought in the southeastern U.S. has adversely impacted th...
What You Need to Know Today: Chinese President Xi Jinping arrived at the White House today as part of a highly anticipated three-day visit to the United States, marking his first visit to Washington in eleven years. Trade is expected to feature prominently in discussions with President Trump,...
Officials from the Trump Administration are reportedly considering rolling back the Administration’s beef import plan as there is a growing panic about the midterm elections. The proposal to reduce the 300,000 MT of beef imports – 100,000 MT for September – is being discussed...
Key Takeaways: The United States shifted from a decades-long agricultural trade surplus to a growing deficit, reaching roughly forty-one to forty-four billion dollars in recent fiscal years, a structural change rather than a cyclical dip. Brazil has overtaken the United States as the leading s...
