BASIC & RECENT MARKET INFO

Tidbits China: About noon Central Time yesterday it was reported: “U.S. Trade Representative Greer says the Trump Administration thinks they will be able to "work through it" with China.” A meeting between President Trump and President Xi has officially been rescheduled. U.S. President Donald Trump said on Tuesday Washington was considering terminating some trade ties with China, including in relation to cooking oil. "I believe that China purposefully not buying our Soybeans,

Tidbits Yesterday morning, the USDA announced the sale  of 218,604 mts of old crop corn to unknown and 20,000 mts of old crop soybean oil to unknown.   Karen Braun , Global Ag Analyst and Reporter for Reuters News Service reported the following on Thursday: "According to its own statistics agency, CONAB, Brazil’s corn supplies, as of a few weeks ago, hit the lowest level in at least 25 years.   But the USDA does not expect a scenario like that to unfold until early next year.

Highlights The USDA will issue its July S&D at 11 AM Central time today.   Yesterday morning, the government reported that inflation during June declined 0.1%; the market expected it to be up 0.1% (measured by Customer Price Index or CPI). For the past 12 months, the inflation rate was 3.0%; the market expected 3.1%. The expectation of an interest rate cut in September for the past two weeks capped with yesterday’s better-than-expected inflation number sent the stocks sharply

Highlights CONAB (Brazil’s USDA) production estimates were released yesterday morning: Soybean production: 146.8 mil mts, down 2.6 mil from last month and 8.2 mil below USDA. Corn production 112.7 mil mts, down 900,000 mts from Feb and 13.3 mil below USDA. Both estimates were smaller than the market expected.   The corn/bean ratio is at 2.51 bushels of corn to buy 1 bushel of beans, up from 2.45 to 1 on Feb 29. Normal ratio is 2.4 to 1. It means the market is trying to buy be

The numbers were: Negative Corn Bearish Beans Neutral Wheat Settlements: March corn -1¢ March beans +4.5¢ March CBOT wheat -13.5¢ March...