Weather and Ukraine remain bearish factors in agricultural markets. UN Secretary-General Antonio Guterres visited Ukraine today and highlighted that 21 ships have departed Ukrainian ports less than a month after signing the access deal, and 15 vessels are in transit for Ukraine to load more grain and other food supplies. The rains moving across the U.S. are not uniformly beneficial, mostly aiding winter wheat areas pre-seeding and lower corn and soybean states. Nonetheless, it is helpful and rains in Europe will stop the drought from doing anymore damage. The International Grains Council weighed in with a mixed set of changes:
Corn: Global production was lowered by 10 MMT (-0.8 percent), with ending stocks reduced 6 MMT (-2.2 p...
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...
