General Comments Markets were mixed overnight with corn steady, wheat slightly higher and soybeans slightly lower. Volume was quiet ahead of the last day of the week. USDA made several export sales announcements this morning, including:
300,000 MT of hard red winter wheat to Iraq 102,000 MT of corn to Mexico 135,000 MT of corn to South Korea 251,000 MT’s of sorghum to “unknown”
U.S. equity markets were mixed early and then traded slightly higher the rest of the day. The unemployment rate released today was the lowest since 2000. Crude oil was mostly steady as was the U.S. dollar. Corn FUTURES Yesterday’s huge sale to Mexico (1.35 MMT) was the 10th-largest single daily corn export s...
What You Need to Know Today: USDA reports are delayed until Tuesday due to the federal holiday on Monday. Over the weekend, President Trump announced a ceasefire between Russia and Ukraine. Russia warmly welcomed and confirmed this ceasefire by conducting more strikes against Ukraine. Specific...
On Saturday, 10 October, at a campaign rally in Clarksville, Tennessee, President Trump said that the U.S. and Mexico would come to terms on a new trade deal, and he said Canada does not need to be part of the deal. Trump called the coming agreement with Mexico “great” but gave no d...
Key Takeaways: The United States has steadily lost global wheat export market share since the 1970s, falling from the world's leading exporter to a projected fifth place in 2026/27. The rapid expansion of Black Sea wheat exports, driven by improved productivity and export infrastructure, has r...
