China threatens to tax US soybeans by 25 percent above the normal rate but supply and demand continue to rise,...
Thanks to USDA Perspective Plantings, corn and soybeans closed higher this week. Despite a drop, cotton and sugar remain unfazed.
USDA remained confident with last month's quarterly grain stocks on a positive note. However, last week was different with soybeans and corn on a low.
More soybean and soybean meals were sold last week in anticipation of China’s retaliation against the Trump administration’s trade tariffs.
With the weather being friendly, reports of US Quarterly Grain Stocks look promising. Corn and soybeans are pushing for hopeful prices and a bullish market.
Due to the friendly weather, charts reflect an uphill trend for cocoa, coffee and sugar futures. Corn and orange juice remain unchanged since last week.
Despite weather conditions turning good, grains like corn and wheat dropped last week while soybean prices roughly increased.
Corn shook up the agricultural stock market, ending with a massive close at 175 million bushels for exports and 2.127 billion bushels for ethanol.