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Scattered precipitation missed most of the U.S. last week
Soybeans led the way higher on optimism around Chinese imports of U.S. beans.
China-U.S. trade truce may be extended by up to one year: report
Following its historic January update, which revised corn acres much higher than initially projected in June, USDA is facing criticism from farmers, grain traders and economists.
Donald Trump signed a proclamation expanding the amount of beef the U.S. can import from Argentina by 80,000 metric tons.
Beyond China’s political goodwill purchases and Brazil’s soybean showdown, the U.S. is eyeing a 30% surge in domestic processing. To stay resilient, farmers are advised to focus on profit margins rather than volume.