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Tidbits, Soybean Exports, Crush, Crop Conditions, ENSO, Export Inspections 9/3/25

Tidbits


Frost: It is going to be quite chilly tomorrow morning in the Upper Midwest, and, yes, it could frost, but there is no serious threat of a killing frost, but the weather forecast could change. Do not be buying corn futures solely due to frost.


Tuesday’s major PMI reports:

  • Canada manufacturing: 48.3 vs 46.8 expected, S&P Global

  • U.S. manufacturing: 53.0 vs 53.3 expected, S&P Global

  • U.S. manufacturing: 48.7 vs 48.2 expected, ISM


U.S. forces in the Caribbean fired upon a boat transporting drugs from Venezuela amid the heightened U.S. naval operation near the country, as President Trump announced yesterday.


Tariffs: A federal appeals court in a 7-4 ruling determined that most of President Trump’s global tariffs are illegal. President Trump has said he will appeal the ruling to the U.S. Supreme Court.

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