The CBOT was mixed on Tuesday with the Juneteenth holiday on Wednesday blunting trading volume and overall price action. Corn and soybeans settled higher amid modest declines in crop ratings and emerging technical support while the wheat market ignored hot, dry conditions in eastern Europe and Russia to score another day of declines. The NOPA crush report was supportive for the soy complex and helped all three legs of the crush move higher while corn and wheat futures lacked much fundamental input. Funds were net buyers across the soy complex but were mostly neutral corn and are thought to have sold another 5-6,000 contracts of wheat. Thursday’s post-holiday trade looks bearish for wheat while corn and the soy complex could see linger...
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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...