Contrasted with yesterday’s sour mood, most contracts found greenery in today’s trading. But that doesn’t mean the bearish overcast went away, it just took a small break here and there. Beyond the general tenor, there were some notable milestones:
Corn and soybeans got a small bounce for the day, but the trend is unchanged.
Soymeal hit a double: a marketing year low on export sales last week, and a new contract low this morning.
Beef export sales hit a marketing year low.
Lean hogs achieved a new contract low.
The morning opened on a USDA Export Sales report for the holiday-shortened trading last week. But trading mostly ignored its lackluster results. Wheat net sales were down sharply. Old c...
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...