Tidbits, Market Action & Dollar, Trade Tensions, Transport Delays, Tyson Foods, Export Sales 1/30/26
- Wright team
- Jan 30
- 5 min read
Tidbits
The government will have a partial shutdown at midnight tonight unless the Senate can find 5 more votes to advance a House approved spending package. The Democrats said they would not support any legislation if it included funding for the Department of Homeland Security (DHS).
Eight Republicans joined nearly all Democrats in voting no. One “no” vote by Senate Majority Leader John Thune was strictly a parliamentary procedural reason, to be able to request a vote to reconsider the measure later.
Yesterday’s market action clearly identified what is moving the grains and bean markets.
Gold futures had a wide trading range yesterday, making a new record high but settling just marginally higher. Silver futures were also sharply higher. The dollar index was trading lower and grains were nicely higher yesterday because Trump had said (again!) Wednesday evening that he wanted a weak dollar. Around mid-day, Treasury Bessent commented his long-term goal was a strong dollar. That comment rallied the Dollar Index, causing gold and every other commodity price to fall sharply as traders were debating who to believe. As the day wore on, most commodity traders went with Trump and most commodities settled higher, but well off the highs for the day. Soybeans closed slightly lower.
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