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feed-grains soy-oilseeds wheat

Market Commentary

Markets had an interesting finish to a mostly bearish holiday-shortened trading week. Prices were steady to firm overnight and started today’s session with small gains. Those gains didn’t last long, and the result was significant price swings throughout the session.  The U.S. trade delegation will be meeting in China this weekend. No one seems to have high hopes of significant progress there. The imposition of tariffs on steel and aluminum against Canada, Mexico and the EU were not a good sign for progress in the NAFTA talks. The trade talk that was so positive last week turned negative this week. The weekly Export Sales report was delayed until this morning because of Monday’s holiday. Note the 2018/19 wheat market...

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feed-grains soy-oilseeds wheat

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feed-grains soy-oilseeds wheat

Market Commentary: An Appearance of Weakness

Bullish sentiments have been driving the CBOT higher since last week’s U.S.-China trade talks, but bears finally made an appearance on Tuesday. The CBOT saw the entire soy complex pullback as China has not confirmed anything about what the Trump administration claims was agreed to in Sout...

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The Supreme Court will hear the case on President Trump’s tariffs tomorrow, and leading into the court session the White House is exuding confidence that the Court will uphold the President’s tariff powers under the 1977 International Economic Emergency Powers Act (IEEPA). However,...

Inspiring Change; Transactional Ag; USMCA Attack

Inspiring Change U.S. President Donald Trump’s assault on NATO was unpleasant, especially for Europe. Yet the result was European capitals finally agreeing to boost their own financial commitment to the pact instead of continuing to free ride on U.S. taxpayers. Now the same inspiration fo...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.315/bushel, down $0.0275 from yesterday's close.  Dec 25 Wheat closed at $5.5025/bushel, up $0.0675 from yesterday's close.  Jan 26 Soybeans closed at $11.215/bushel, down $0.1275 from yesterday's close.  Dec 25 Soymeal closed at $317.4/short ton, down $3...

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