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Weekly overview of ag commodity market news & price action compiled by Austin Schroeder with Brugler Marketing. Not intended as trading advice. Actions taken are responsibility of the reader.

This past week, USDA reported a soybean sale of 3.89 million bushels to China and another 4.4 million bushels to unknown destinations during the 2023/2024 marketing year.

The good news is there are legal devices to do whatever a farmer wants to do. The key is using the right mechanisms for the relationship piece.

Chuck Shelby, Risk Management Commodities, says grains end lower. Row crops see profit taking, with harvest pressure in wheat. Cattle made new near-term highs pushed by record cash, hogs bounce.

The U.S. is worried the port’s ability to handle megaships directly between Peru and China could shift trade dynamics, making it easier for China to extract and control South American resources.

Darin Newsom, Senior Market Analyst at Barchart, says grains down early on profit taking and hedge pressure in wheat, but watching weather and demand. Cattle continue higher following cash.

Global Neighbor Inc. (GNI) is a pioneering startup in advanced light technology for weed seed destruction.

Grain markets had a strong day yesterday but were unable to find follow-through buying in the overnight and early morning trade. Will technical support hold?

The landscape for U.S. renewable diesel production has changed dramatically, similar to the growth of ethanol and biodiesel in the past two decades, according to a report from USDA’s Foreign Agricultural Service.

La Niña patterns tend to produce hotter conditions across the central and eastern United States.