It turns out that the Saturday night dinner in Argentina between Presidents Trump and Xi met or exceeded most expectations, although to what degree depends entirely on which country’s perspective one chooses to accept. There is a 90-day window for more intense discussions, and that is a breakthrough no matter the side taken. There are of course more unanswered than answered questions such as the following:
While China has agreed to buy a significant USD value of U.S. agricultural products, will it start today, next week or at the end of the 90-day negotiating period? Does an exporter dare sell soybeans to China that can’t be shipped within this 90-day window? Will the resumption of trade make a notable difference in the le...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
