Outside markets continued their downbeat on Friday but ag futures had a few recoveries from yesterday’s trouncing.
Corn closed lower for the day and the week. The soy complex closed optimistically for the day but had a mixed week. Winter wheat closed lower on the day and the week, but HRS was up on the day and week. Livestock had a better Friday than the results of the week as a whole.
The larger stories coming out of this first week of November included the following:
It was the sixth straight week lower for the hog market. It has now been four weeks lower for cattle. The soybean market has closed higher for three straight weeks. After three weeks of rising prices, the corn market had a loser.&n...
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...
