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...
What You Need to Know Today: President Trump suspended the planned attacks on Iran and announced that the pieces for a framework for peace were in place in a weekend social media post. Iran, however, later said no efforts were underway to conduct negotiations with the U.S., though Oman indicat...
Key Takeaways: E15 expansion would support corn and ethanol demand by increasing domestic biofuel consumption and reducing reliance on petroleum-based fuels. Year-round E15 has gained bipartisan momentum, but the policy remains in legislative limbo as lawmakers continue to negotiate provisions...
