The export market for Argentine wheat improved this past week with some buyers from Brazil and Chile. Unfortunately, there is somewhat of a logistical problem for the sizable amount of wheat that is produced south of Buenos Aires. Wheat The export market for Argentine wheat improved this past week with some buyers from Brazil and Chile. Conditions have developed to the point that there are few anxious sellers because of the declining number of wheat export licenses. As well, space to house any remaining unsold wheat has seemingly been found at ports, and corn is unencumbered as it flows into waiting ships. There is no rush to sell the remaining wheat and that is supporting prices. Present offers from Argentine exporters are in the low $23...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Key Market Insights Macro markets delivered a full whipsaw today. Early in the session, crude oil had rallied back above $100/barrel as traders priced renewed concern over the U.S.-Iran standoff and potential supply risk through the Strait of Hormuz. That strength helped pull grains off their o...
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