Monday March 17th, 2025

• Grains opened up strong in the overnight market, but are now sitting mixed.
  • Corn has made small gains this morning.
  • Soybeans lost steam but are trying to rebound.
  • Wheat is making double digit gains.
• The funds liquidated more positions in the corn market than the trade expected, they’re now long only 145k contracts of corn.
  • Wheat saw some short covering which could of been a result of the Russia/Ukraine headlines last week.  
• Hundreds of US meat exporters have lost authorization to export to China.
  • It is expected that there will be $4.1billion of losses for the beef industry and $1.3 billion of losses for the pork industry.
• Uncertainty and worry over American Tariffs was at the front of discussion at the breakfast meeting with municipal leaders from across Lambton County. Winter wheat is the townships biggest agricultural export to the US. Township Mayor Kevin Marriott  said “If it is 25% (tariff), it will pretty much close the door on wheat exports,”
• Wheat is making double gains today on dry weather fears for the US plains, Eastern China and the Black Sea.