There was little in terms of new fundamentals today, and on generally lower volume the board saw mixed trading and results. It was a big week for HRW as the acuity of the drought in the Southern Plains becomes clearer. Overall, the trends are as follows:
It was the fourth week in a row lower for corn and lean hogs. It was the third week in a row lower for soybeans and soyoil. After three straight weeks of being lower, HRW and HRS turned higher this week. SRW turned higher after two weeks of declines. There were death crosses for corn, soybeans, and soyoil as their 20-day moving averages crossed below their 50-day MA’s.
Unlike corn, soybeans, and soyoil, soymeal did not end lower due to South American production or tarif...
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...
