Good morning! An hour after the opening bell in Chicago, January soybeans are up 20 cents and above moving average-resistance after Presidents Trump and Xi reportedly had talks on trade and North Korea. President Trump tweeted that he and President Xi had a “very good conversation” that included several subjects with “a heavy emphasis on trade”. The market opened higher after this week’s Export Sales report featured larger-than-expected soybean shipments, even though sales and YTD exports remain in bearish territory. Traders pushed January soybeans to nearly 20-cent gains before selling at the 100-day moving average pushed the market lower.
WPI has mentioned several times that China holds the we...
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...
