Today was another mixed but generally bearish trading day in the New Year. Nothing has changed from the fundamentals of December when values generally moved higher, except maybe new doubts about the general direction. December’s highs are now on the defensive. The only thing holding up thus far is soymeal. Over the past week of trading, March corn is down nearly 27 cents, soybeans are off 45 cents and SRW is down over 27 cents.
The market sees ample Black Sea wheat, lots of incoming Brazilian soybeans and corn, but a strong dollar and the risk of recession and Chinese demand weakened by COVID. The U.S. Department of Energy added to the bearishness by reporting that gasoline demand last week was down by nearly 20 percent, with etha...
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...
The U.S.-Mexico-Canada Agreement (USMCA) enters its mandated six-year review on 1 July. The original intent of the review is outlined in Article 34.7, which obligates members to: Provide recommendations and decide on appropriate actions. Extend the USMCA for another 16 years and meet aga...
