Eddyville

Do you want to stay the most up to date with truck lines, hours updates, and quick ship bids?  Make sure you are on our text list by signing up at https://www.cargillag.com/help/sms-consent. 

*If you received texts in the past and no longer receive them, try sending the phrase “sfcargillupdate” to 77028 to opt back into our text messaging.  If this does not work, please call our office at 1-800-515-1105 for further troubleshooting.  

 Market Commentary 03/05/2025

Corn and beans both closed in the green today after eight straight losing sessions. News of a potential deal between Mexico, Canda and the US was able to convince the markets to stop the free fall for a moment and take a breather. Talks between the US and Canada and the US and Mexico are said to happen mid-week to discuss a resolution to the current tariffs. May corn was able to close 4 ¼ higher and may beans posted double digit gains, closing 12 ¾ higher on the day. Ethanol production for the final week in February was solid, and a 4.2% increase year-over-year. Soybean crush for January also fell in line with USDA projections and are currently 7% more than last year. Also, weather in Southern Brazil had taken a turn to the hot and dry side, with conditions expecting to persist for the next two weeks. All the news above would be supportive to markets; however, this market is currently politically motivated, and it will continue to overshadow any supportive news for now.  Our next WASDE Report is on the 11th, and the facts remain that we have a tight S&D. Live and Feeder Cattle were sharply higher today. Outside markets rebounded today after yesterday’s sell off, possibly taking a break until we see more news on the US Tariffs. Have a good evening!

** This communication has been prepared by Cargill, Incorporated.  The information in this communication does not constitute “investment service,” “investment advice,” or “financial product advice” as defined by laws and/or regulations in any jurisdiction, and the contents of this communication should not be construed as investment, legal or tax advice.  Each person should seek independent investment, legal and tax advice concerning the consequence of entering any transaction.