Two presidents are scheduled to meet on Friday, and the trade is watching closely in hopes that soybeans will be part of the conversation. On the global side, CONAB raised its soybean production estimate, adding a bit of pressure to the market, while U.S. corn found some support from strong export demand this past week—including a fresh purchase announced today by Mexico. The dollar softened in reaction to yesterday’s Federal Reserve announcement, creating some additional movement across the grain complex. Meanwhile, the roller coaster continues in the cattle market, as futures struggle to regain stable footing after recent chart damage and shifting fundamentals.
David Ericson with Ag Optimus brings you today’s Market Wrap Up.
