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Jon Scheve discusses the highlights of the latest USDA report and what to expect moving forward.
Trump’s allegations are serious: price fixing, collusion and market manipulation by what he calls “foreign-owned meatpacking cartels.”
Jerry Gulke, president of the Gulke Group, says soybeans had rallied into the report as the market priced in additional China demand. So, he wasn’t surprised with the reaction,
Weekly overview of ag commodity market news and price action compiled by Austin Schroeder with Brugler Marketing. Not intended as trading advice. Actions taken are responsibility of the reader.
Ag products not grown or produced enough in the U.S.—including coffee, fruit and some fertilizers—are being removed from Trump’s reciprocal tariff list. The move also lifts tariffs on one major ag import: beef.
Arlan Suderman, chief commodities economist with StoneX says USDA only lowered national corn yield .7 bushels per acre to 186 which was a disappointment for the bulls.