It is hard to keep track of the rumors flying around concerning Chinese plans to buy U.S. soybeans. Their most common thread has China buying 5-8 MMT, although there are several versions of this rumor. One has Sinograin and COFCO, a state-owned trading company, as the buyers since both would presumably qualify for rebates of the 25 percent import tariff on U.S. soybeans. Some of the rumors also suggest China will buy U.S. grain as well, presumably corn and wheat. While unable to confirm this, we strongly suspect that one or both of those two Chinese buyers started the process this morning by making some purchases from the Pacific Northwest (PNW). The quantity could be enough to be used as evidence that the Trump trade policies are working...
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...
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