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 were combined, the total would rank among the ten largest daily soybean sales announcements on record. President Trump announced that the U.S. will allow up to 300,000 metric tons of beef intended for ground beef production to enter tariff-free over the next three months, temporarily eliminating the 26.4 percent out-of-quota tariff. Trump said participating suppliers have committed to selling the beef at 25 percent below current market prices, with the...
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...
In agriculture and food processing, we think a lot about infrastructure: transportation and storage, processing and packaging, distribution and delivery. It is a physical system of roads, railroads, and rivers; concrete and steel storage; processing plants, warehouses, and machinery; and, event...