Rough Rice Commodity Markets, Prices & Futures
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Latest News From Rough Rice
Sens. Amy Klobuchar (D-Minn.) and Chuck Grassley (R-Iowa) are calling on USDA Secretary Brooke Rollins to broaden USDA’s response to the highly pathogenic avian influenza (HPAI).
Mark Schultz, Northstar Commodity, says the ag markets have handled the escalation of the trade war with China remarkably well this week.
Chip Nellinger, Blue Reef Agri-Marketing, says corn and soybeans ended higher with lower ending stocks in the WASDE as corn fell below the 1.5 billion bu. mark.
Keystone Pipeline’s owner, South Bow Corp., has declared force majeure on scheduled crude oil shipments following a spill in North Dakota.
Major changes weren’t anticipated for USDA’s April World Agricultural Supply and Demand Report, but there were still a few surprises — mostly for corn.
Scott Varilek with Kooima Kooima Varilek says cattle are trading lower Thursday morning with the retreat in the stock market. Grains are mixed ahead of the WASDE, but he doesn’t expect any market moving news from the report.
Arlan Suderman, StoneX Chief Commodities Economist says the markets reacted positively to the 90-day delay on reciprocal tariffs for countries that reached out to negotiate with the U.S. and did not retaliate.
Kevin Duling, KD Investors, says grains are shaking off the news of an escalation of the trade war with China as they announced overnight they would be placing an additional 50% retaliatory tariff on U.S. goods, including ag.
Treasury Secretary Scott Bessent has confirmed that Japan will take priority in the administration’s upcoming trade negotiations, underscoring its strategic importance as both a military ally and major economic partner.
Mike Minor, Professional Ag Marketing, says while the tariff news was a bit more subdued Tuesday the markets are still watching tariff headlines and that is impacting money flow in and out of the financial sector as well as the commodities.