The market had been positioning in advance for today’s USDA Acreage and Q2 Stocks reports to be bearish and traders were generally rewarded. Though corn absorbed the harshest reaction, more than half its weekly losses occurred earlier in the week. For the week: September Corn: -7.5% November Soybeans: -1.42% December Soymeal: -1.72% December Soyoil: -1.32% September SRW: -0.39% September HRW: -0.12% September HRS: -0.68%
Wheat and soybean planted acres came in a half-percent below the average pre-report estimates, but corn acres were 1.6 percent larger than expected. Can the acreage numbers be trusted? Not all of the acres were actually planted when the survey was conducted during FH June, meaning assumpti...
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...
