It was a mixed day but mostly lower volume (except for soyoil) as the market appears generally comfortable with current values. Even Russia’s charge that Ukraine has attacked the Motherland did not cause a reaction. Thus far this week, corn is down 10 cents, soybeans down 4, and SRW off by 9 cents.
USDA’s Export Sales report reinforced the current lull in U.S. sales as Brazil dominates. Commitments were in the mid- to lower range of estimates. However, the trade is hoping to learn by tomorrow whether the 11-cent jump in March corn yesterday was the result of a rumored sale to China. The continued softening in corn values is making the U.S. more competitive with Brazil and should start to show in sales.
Weather remains a re...
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...
