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CFTC delays report after cyber attack, Mexico looks to avoid USMCA dispute and President Biden says downing the Chinese balloon has not hurt relations with China...
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Farmer sentiment was up 11 points (9%) from year in January, according to the Purdue University/CME Group Ag Economy Barometer.
Rather directionless trade is expected this morning as traders prepare for Wednesday’s USDA reports.
Soybean futures recouped a portion of Monday’s losses overnight, while the corn market gave back yesterday’s gains and wheat futures showed a mixed tone.
The focus for the U.S. balance sheets will be the usage forecast, while the global focus will be on production.
Although soybean export inspections were down over 100,00 MT from the previous week, they continue to prove consistent. Wheat inspections topped pre-report expectations, while corn landed just above the low-end estimate.
Wheat futures are higher to start the week with corn futures choppy and soybeans under pressure. Cattle futures are higher with lean hogs lower to start the week...
Mixed trade is expected in the grain and soy markets this morning as traders monitor the U.S./China situation and prepare for USDA’s February crop reports on Wednesday.
Short-term trend turns bullish for live cattle and feeder cattle.
The real Title I safety net for many farmers: Insurance programs
Corn and soybean futures are weaker this morning after two-sided trade earlier in the overnight session, while wheat futures are narrowly mixed.
China spy balloon raises security & political issues as U.S. shoots down balloon | SOTU address Tuesday | Senate Ag farm bill hearing Thursday
Operation underway to recover debris from downed balloon
Davis Michaelsen and Editor Brian Grete discuss this week’s market action...
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Economists expect non-farm payrolls added to shrink, UN Food Price Index falls and Economic aide exits Biden Administration...
Grain and soy futures traded lower overnight, with late pressure from a surge in the U.S. dollar after the much stronger-than-expected January jobs data. We expect the weaker tone to continue early this morning.