Tidbits, Profit Taking, New Tariffs, Black Sea Paralysis, Drought & Weather, Export Sales 7/24/26
- Wright team
- 1 day ago
- 4 min read
Tidbits
Yesterday's mid-day price slump on the CBOT was nothing more than the market taking some profit after several days of gains. The tariffs announcement probably contributed to that. All three commodities traded lower. Only wheat settled lower, but it had gained the most in recent days.
Flash sales: Yesterday, the USDA announced the sale of 126,000 mt of new crop soybeans to unknown.
The Spring Wheat Tour on Day Two saw an average yield of 48.1 bushels per acre in northwest and north-central North Dakota vs 46.2 bpa last year.
The U.S. is imposing new tariffs on around 60 trading partners accounting for the vast majority of its imports over claims they failed to properly stop forced labour. The duties, ranging from 10% to 12.5%, target key economic partners – including the UK, China, EU, Canada, Japan and India. They come in on Friday, as a temporary 10% tax on foreign goods introduced earlier this year expires.
Want to read more?
Subscribe to wrightonthemarket.com to keep reading this exclusive post.
