Pro Farmer
Markets were spooked overnight amid heavy selling in equity futures regarding uncertainty on tariffs.
USDA’s latest outlook, released yesterday, projects the U.S. ag trade deficit at $47 billion in FY25, narrowing slightly from earlier estimates, and falling to $41.5 billion in FY26.
Corn led strength overnight while soybeans continue to consolidate following the recent leg higher.
Meal is the market to watch in soy complex futures
“I looked over and saw that dust boiling up out of the chopper...”
Export demand picking up for new-crop beans
Traders were expecting net new-crop soybean sales for the week ended Aug. 21 to range from 450,000 MT to 1.0 MMT.