The market opened mostly in the green this morning after overnight markets showed small gains for corn, soybeans, soymeal, and all three wheats. About mid-session, corn and the soybean complex began trading both sides unchanged while wheat retained some upward if less lofty positions. In fact, trading volumes were relatively light except in SRW and HRW, which is also where the larger changes (gains) were made.
Wheat export sales remain weak, while corn sales beat expectations. However, it was soybean export sales that hit a marketing year high at 1.378 MMT. Forward soybean sales in 2024/25 again were zero. Soymeal export sales topped a half million tons and there was a small washout in soyoil.
Somewhat confusing the ma...
What You Need to Know Today: Crude oil prices dropped sharply with traffic flowing through the Strait of Hormuz. There were reports that Iran was behind an attack on a cargo ship near the coast of Oman, which would be a violation of the memorandum of understanding between the U.S. and Iran. Pr...
On Wednesday, the White House submitted a national security supplemental spending request for $87.6 billion. The majority of the request includes funding for the conflict in the Middle East, but there are agricultural provisions as well. The supplemental funding package includes more than $11 b...
Can we really expect a bushel of corn to carry an environmental passport throughout the entire food system? One that reliably documents its carbon footprint, biodiversity impacts, water use, soil carbon, and other environmental attributes all the way from the farm field to the consumer? This is...
