Volatile grain session trade today and overnight, we had seen soybeans and soybean oil go to new annual price highs. Today, Spot soybeans getting to within equal values of where we were last November, when we made a price high ahead of December 1, and that was on the news. The Trump administration has a plan that will require large refineries to blend biofuel and eliminate some of their small refinery exemptions that they were able to take a part of and we now see the action of the administration finally pushing forward on news the market had been hoping for and waiting on it. Then, of course, we experienced a little buy the rubber sell the fact on this as a report came out of China early this morning that the newspaper, one of the lead newspapers, said the administration over there, the xi administration, was a little apprehensive with the upcoming visit that President Trump will be doing on March 31 through early April, that there’s a lot of gaps in the agenda that’s taking place the Chinese like Everything, very pomp and circumstance. You know, they act like things are happening, but all it is following through on business done. They don’t like working like President Trump does, and that’s with chaos. Things change; things shift. They don’t want that. They’ve obviously read his art of the deal book forward and backwards, and they know that chaos is part of his game plan, and they don’t want that in this trip, so that caused a sell off earlier in the session. But we’re coming back now. Soybeans only off four cents on the day, while wheat and corn continue to firm, as we’re seeing more business interests there and the trade worried that rains coming here for the winter wheat belt are not going to be enough.
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