After reacting to a fire hose of developments earlier this week, ag futures had little new fundamental input today except a brief hiatus in the trade war. Volume was quite low in grains, though it was higher in cattle where gains were sharp this week. Both corn and soybeans recovered most of their early-week losses. On the week:
It was the third week in a row lower for corn, HRW, HRS, and lean hogs. After three weeks of trading lower, soymeal bounced back. After five weeks of trading lower, live cattle won the week overall for gains.
On Tuesday, USDA will issue its March WASDE report. The agency is nearing the end of its focus solely on MY 2024/25. Current U.S. harvest and yield numbers are final so there will only be adjustments t...
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...
