Soybeans were lower overnight with wheat and corn slightly higher. That was also today’s pattern, except that wheat found good buying soon after today’s session opened and traded 12 to 16 cents higher in all three wheat markets for most of the day. It was more talk about how bad the EU drought has gotten that pushed wheat higher. More angry words between the U.S. and China kept pressure on soybeans. The six- to 10-day U.S. weather forecast looks hot and dry across most of the Corn Belt and northern plains as today’s maps show:
This forecast should be somewhat positive to soybeans. The USDA will release their crop production estimates and supply/demand revisions (WASDE) this Friday. Corn and soybean markets should be t...
What You Need to Know Today: Wheat futures pulled back sharply after Russian President Putin said there was a “chance” for peace and an agreement to end the war in Ukraine. There is plenty of skepticism about the opportunity for peace in Ukraine, but that didn’t stop wheat fr...
President Trump has opened the door to 100,000 MT of beef lean trimmings (limited to HTS codes 0201.30.5091, 0201.30.5097, 0202.30.5091, and 0202.30.5097) from countries listed under the “Other Countries” TRQ effective 1 September. These imports would not be subject to the over-quot...
Key Takeaways: CHS and OCP plan to invest up to $450 million in a Louisiana phosphate fertilizer facility capable of producing more than 1 MMT annually, marking the first new U.S. plant of its kind in more than 40 years. The facility could reduce U.S. dependence on imported finished phosphate...
