Normally, trading on the day before a three-day holiday weekend is a lackluster affair, but 2022 is an exception:
The winter storm and bitter cold weather blanketing much of the U.S. sparked a rally in wheat futures that spilled over into corn. The soy complex pushed higher again with soyoil receiving support from a rally in crude oil futures. No major technical developments were posted in the grain markets on Friday, but the strength this week has been surprising and likely signals a shift in market sentiment. Cattle futures pushed higher to end a bullish week while the hog market generally traded lower, except for deferred futures that found new contract highs. The livestock markets are set to trade higher ne...
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...
