Global weather continued to spur fund buying in corn and wheat while soybeans were pulled lower by uncertainty on the trade outlook. The U.S. and China are, of course, meeting this week to discuss the future of trade between the two countries. One must wonder how much progress can be expected given President Trump’s bombastic approach and recent reports that China is annoying U.S. fighter pilots with lasers. The Export Sales report was bearish wheat (again) and neutral/bullish corn and soybeans. For the latter commodities, export sales and shipments were above levels needed this week but the large YTD decreases in shipments keeps the report’s interpretation as neutral.
Outside the walls of CME/CBOT trading, U.S...
What You Need to Know Today: Brazilian President Luiz Inácio Lula da Silva secured reelection on Sunday, defeating right-wing Senator Flávio Bolsonaro despite trailing in the first round of voting. The surprise victory triggered a sharp selloff in Brazilian financial market...
The 2026 midterm elections are a week from tomorrow, but early voting has been taking place for weeks. At stake is control of Congress, including the House of Representatives, where all 435 seats are contested, and the Senate, where approximately one-third of the seats are up for election. Farm...
Key Takeaways: Total U.S. crop acres (excluding hay) are forecast to expand fractionally this year due to greater oilseed crop and winter wheat plantings. One of the key drivers of this year’s crop outlook is input costs, and crops with a lower cost profile have an advantage in producers...
