The week between Christmas and New Year’s Day is supposed to be reserved for binge watching movies. However, this first trading day after the three-day break had some notable developments:
Volume was higher for corn, soymeal, soyoil and hogs. March soybeans briefly breeched the $15 level. February Live Cattle hit a new contract high of 158.425/cwt.
Today’s USDA Grains Inspected report for last week came in around as expected, which is not bad considering the period featured an Arctic freeze and a slower Mississippi River.
However, the weekly movements are still too slow of a pace to meet USDA’s predicted exports for the market year. This is especially true for corn. Again, it cannot all b...
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...
