It was generally low volume in the futures market today as traders focus on the three-day holiday and the Goldman roll is no longer around to move the numbers. The brief respite is strongly welcomed after the frantic business of the past few weeks. Corn and the soy complex continued to trade higher today, while wheat paired back on its substantial gains of the past several days of trading.
Standouts in today’s action included new contract highs in corn in soyoil, and an HRS contract that went its own way in the overnight and then uniquely attracted higher volume in the day trade. The USDA Export Sales report was a mixed message. Corn exports were solid, despite cheaper South American prices, soybeans were down from the...
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...
