It was another day of mostly higher markets as the reversal continued its strength particularly in soybeans and soymeal. While the redirection has been less overall price significant in corn, it was the seventh session higher in the past eight. Soybeans have closed higher in six of the past seven sessions. There continues to be little fundamental news driving the market, but there is some anticipation. When USDA returns to crop reporting, lower corn yields are expected. Although it doesn’t offset the loss of the huge China market, U.S. soybean exports to other markets are up 45 percent this year. The next several weeks will involve a South American soybean supply gap and the market expects the U.S. will fill some of it based on...
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...
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Accountability and a comprehensive approach to export programming
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