Early this morning, China announced U.S. soybean imports would be subjected to a 25 percent tariff. The move comes in response to proposed U.S. tariffs on imports of Chinese products, and it seemingly confirms a trade war. However, neither side has set dates for when the tariffs will become effective, offering some hope that mutually beneficial solutions can be found. Soybean futures reacted to this morning’s news with panic as trading algorithms “read” the headline and did what humans programed them to: sell, sell, sell.
To be blunt, the market overreacted. As WPI has pointed out before, China places itself in a poor position by restricting U.S. soybean imports, effectively taxing its own consumers. There are si...
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...
