Encouraging to see the EU seemingly ready to negotiate as indicated by their announcement to delay retaliatory tariffs against the United States. Much different tone than we've witnessed with all the bluster coming out of some other places
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Back to ReportsIt's a great time to be a cattle rancher. June live cattle picked up $2.17½ to $205.02½ and May feeder cattle added $1.60 to settle out at $289.10
Most heavily traded grain contracts at settlement...
Two outta three ain't bad. Nice to see soybeans rebuke the move towards the $10 mark...
May CORN: up 7 cents to $4.69
May SOYBEANS: up 4¾ cents to $10.13
May WHEAT: down 6¼ cents to $5.57¼
REUTERS: The International Grains Council (IGC) forecasts '25/26 global corn production to rise to 1.269 billion metric tons. This would represent a 4.3% increase over '24/25 global production of 1.217 billion metric tons
A quick look at the midday shows corn still riding strong exports while poorer old crop sales and reduced weather concern is holding down soybeans and wheat...
The USDA Foreign Agricultural Service is estimating lower-than-average soybean demand from China for the 25/26 crop year as their consumers switch from pork to more "feed efficient" protein sources like poultry and fish. Also stated better domestic production and a weak economy
The EU is planning to delay their plans for tariffs on U.S. goods which are currently scheduled for April 1 or corn and April 13 for soybeans in order to reconsider the timing of the tariffs and allow more time to discuss the matter in more detail with the U.S.
Weather conditions in Brazil favor a good Safrinha corn crop while dryness in the corn growing areas of China are becoming a concern. The western part of the U.S. corn belt also remains in a dry bias for now
