News
Treasury Secretary Scott Bessent announced yesterday that the U.S. will provide financial assistance to Argentina in an effort to stabilize its struggling economy, a move that has sparked anger among American soybean farmers who see Argentina as a major rival.
Soybeans continue to undergo selling as China buys Argentine soy
China has turned to Argentina for soybean supplies, booking at least 10 large shipments—and possibly more—after Argentina temporarily removed export taxes on grains yesterday.
Stormy weather continues in the Midwest, Plains
Corn fell 1.7 points on the CCI, while soy fell just 1.2 from last week
Davis, Hillari and Spencer discuss the impressive pace of wheat exports and China’s continued absence from the U.S. soy market.
Wheat inspections outpaced pre-report expectations ranging from 300,000 to 500,000 MT.
On Friday, the Trump administration announced cancellation of USDA’s annual Household Food Security Report, which has tracked hunger in the U.S. for decades. The move comes just months after President Trump signed legislation reducing food assistance programs.
Corn, soybeans and wheat are lower at the start of daytime trade with livestock futures slightly to sharply higher...