The Philippines bought 135,000 metric tons (4.9 million bushels) of soybean cake for delivery during the 2024/2025 crop year
Can't be surprised to see prices down overnight. Not with the whole world, including Americans being told how bad these tariffs are going to be for U.S. goods. At least the day has arrived and we should be able to move past this quickly. Corn being held back the most
Given where stock and usage are, old crop corn should be considerably higher. And I have no doubt prices will surge here fairly soon. But first the market has to overreact some more on tariffs, much the way it overcompensated for unknown acres and stocks leading up to Monday
