The USDA Export Sales report is delayed until tomorrow due to today’s Veterans Day holiday and so it is not definitive whether China has been in the market, and whether overall export demand is alive. Then there is the wobbling of weather forecasts, though those remain mostly bearish. The result was kind of a wobbly day though the buying mostly continued the direction from yesterday, if at a lower intensity. The leading contracts for corn and soybeans are now up three days in a row and for wheat it is four straight days of gains.
The CFTC’s Commitment of Traders report is also delayed due to the holiday and will be released on Monday after the close. Equities were split today with the tech-heavy Dow continuing...
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...
