There was little new to guide the markets today. The foundation involves some big supply limits like droughty farm fields and suppression of Black Sea supplies. At the same time demand is ample as economies slog through varying risks but no evidence of outright faltering. Yesterday’s correction that was generally lower continued today. However, these moves are modest, involving some profit-taking and de-risking. The war in the breadbasket of the Black Sea is not going away, and neither is the heat and uncertainty around rainfall. The trend lower prior to the latest heatwave has stalled and it is now mostly sideways, as evidenced by the largely modest volumes being traded.
Without doubt, buyers are watching more i...
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...
