Traders closed out an overall lower week with more of the same. There was a new contract low in SRW, but a late rally pushed HRW slightly into the green for the day but not for the week. Traders brushed off increasing Russia-Ukraine hostilities and any risk of winterkill in wheat. It was a fifth straight session of closing lower for corn, soybeans and soymeal. On the week, only cattle and soyoil closed higher. It was the first week higher for soyoil in a month. Other stats include:
Soymeal and SRW have now closed lower for six weeks in a row. Cattle had its fifth straight week closing with gains. Soybeans experienced four straight weeks of decline. HRW has had three weeks of consecutive losses. Despite strong...
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...
