It’s been another interesting week in the grain and soy markets, and following are some of the reasons why: The Trump administration announced some level of trade talks with China will get underway before the end of the month, and that news sent soybean futures sharply higher Thursday.
A trade agreement with Mexico seems to be almost wrapped up. That country is the number one buyer of U.S. wheat as well as the number two buyer of U.S. corn and soybeans. Thursday’s weekly USDA export sales report showed the second-largest weekly U.S. wheat export sales since July 2015. Their slow pace has been one of the constraining factors in the wheat market. A news report early this morning indicated Russia’s ag ministry may...
Given yesterday’s headlines, today’s market action may not be what many expected. The dollar is little changed, crude oil is pulling back and stocks are trading higher. Crude may be the biggest piece of today’s reversal. Saudi Arabia is offering additional crude to Asian buyer...
Key Takeaways: Managed money is holding more than one million net-long contracts across agricultural markets, with corn, soybeans, and soymeal all reaching record net-long positions in September. Fundamental concerns surrounding yields, supplies, and global availability have helped justify the...
Under an Executive Order on 4 September, USDA announced $50 million in new funding to help states establish or expand meat and poultry inspection programs as part of an effort to increase processing options for livestock producers. It’s called the Stand-Up Program, which will help states...
