GOOD MORNING, Pressure from weaker grain trade dominated price action yesterday. Good weather, adequate rainfall patterns, and most of all, seasonal temperatures combined to pressure the markets in general. Currency and tariffs pressured global markets yesterday setting Tuesday trade up as a macro risk-day off in general. This morning, we seem to have a turn-around in all markets with higher equities, higher ag prices, and a turn-around in the US dollar on profit-taking. Grain prices are putting in firm trade today on commercial pricing activity and short-covering. CROP PROGRESS Report was in line with trade expectations:
Corn: 58 percent good/excellent, up 1 percent. Mature is 6 percent...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
Key Takeaways: Dry bulk markets remain mixed with Capesize vessels seeing continued pressure from weaker demand while fixtures and rate strength gradually increases towards the smaller vessel classes. Tanker markets are pulling back from their recent highs as tonnage moves out of the Mid...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
