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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.

Oliver Sloup on Markets on the Move: grain markets saw a sharply lower trade on Friday following a WASDE report that fell short of feeding the bull run. Is the rally over, or was today’s pullback just a healthy correction? Tune in!

The biggest surprise came from the agency cutting corn yield less than a bushel and loweing soybean exports by 50 million bushels.

Cattle market fundamentals remain unchanged while psychology shifts the market due to the President’s comments and industry interference.

Price action summary and outlook for the next 5, 30 and 90 day segments.

Scott Varilek with Kooima Kooima Varilek says the funds continue to liquidate their long positions on the fear of the Mexican border reopening but lower fed cash is also a negative.