It was a week of big gains for corn and soybeans, and wheat as well, but today put a damper on it. Wheat, like corn and soybeans came out of the chute this morning following on the double digit close in the overnight market. But wheat may have been buffeted (corn too) by speculation on whether Ukraine is going to ship grain. Key developments include the following:
This week, the UN established the Joint Coordination Center in Istanbul to facilitate sales.
Ukraine’s harvest has picked up pace and has already netted 11.7 MMT of grain. The country could export 5 MMT of grain/month. At least one major insurance company has agreed to issue $50 million in coverage.
Ukrainian Infrastructure Minister Oleksandr Kubrakov says the...
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...
