Markets were steady to slightly higher in the Sunday night session, but that steady pattern disappeared when the markets opened this morning with steep losses in corn and soybeans eventually dragging wheat lower as well. It was hard to pinpoint a reason for the abrupt change in attitude, but following are a few ideas:
Canada imposed tariffs on U.S. products over the weekend. 6 July is the target date for U.S. tariffs against China and the expected retaliation by China with tariffs on soybeans, etc. The election in Mexico is over with the expected outcome, and President Trump said he might not finish a new NAFTA deal until after the mid-term election. Both developments were considered bearish. U.S. equity markets were also lower early...
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...
