Wheat The grain exchanges issued new estimates for new crop wheat production with the Buenos Aires Grain Exchange more optimistic at 12.4 MMT, and the Rosario Grain Exchange down at 11.8 MMT. In general, the market appears to be trading based on a 12 MMT crop, with some bears much lower than that. Wheat exports will be 7 MMT, versus 14.5 MMT last year. The rains of the last few days have had no effect on most of the wheat area since it is late, but it could give a final push to the wheat south and southwest of Buenos Aires, and that growing east of the Pampas. However, this will not be enough to change total production estimates. This wheat crop looks dwarf, with little cover (vegetative growth) and the ear is affected.
The local...
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...
