Tidbits, Stocks & Treasuries, Electricity & Water, Brazil’s Crops, ENSO, Export Inspections 1/21/26
- Wright team
- 15 minutes ago
- 4 min read
Tidbits
Exports: Yesterday morning, the USDA reported sales of 190,000 mts of old crop soybean meal to the Philippines.
News sources indicate China has likely reached its 12 million mts commitment of U.S. soybeans purchases for the 2025/26 marketing year, and that further purchases are unlikely until September unless prices are competitive with South American soybean prices. Most of the volume is heading for reserves and is 47% fewer than China bought in 2024/25.
The USDA purchased $47.8 million of hard red winter wheat cargoes under the Food for Progress program. Purchases from Cargill and CHS came at prices ranging from $254 to $270 per metric ton ($6.85+ per bu.). The agency initially sought up to 188,000 mts in shipments to Ethiopia and Kenya.
U.S. stock markets suffered heavy losses yesterday that were the worst since November due to President Trump’s threats of tariffs on all products imported from European countries caused by the dispute over Greenland. Many countries started selling their U.S. Treasury notes and bonds as a “protest of sorts” to Trump’s actions, increasing interest rates in the secondary market around the world.
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