SRW managed a second day higher, and soybeans continued their rally over $13/bushel, but corn prices still dragged lower. Meanwhile, the livestock market was buoyed by rising outside markets and confidence in the economy.
USDA’s weekly Exports Sales report did little for the market. Commitments last week were at the lower end of market expectations with wheat and soymeal both huge disappointments.
Weather concerns remain modest as a ridge to the west and a trough in the east will push disturbances across the U.S. Midwest. Rains remain sporadic and below normal in central Brazil, which is particularly hard on the soybean crop. Moreover, dryness looks to be returning. Any replanting will have a domino effect as it...
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...
