Corn and soybeans are called to edge weaker after a poor finish on Friday and with uneasiness about President Trump’s battle against high food prices. Traders will continue watching for confirmation of Chinese export purchases and for progress toward putting signatures on an official trade agreement. Tuesday is crop report day and Wednesday is the central bank meeting. In the Headlines On Saturday, President Trump issued an executive order “Addressing Security Risks from Price-fixing and Anti-competitive Behavior in the Food Supply Chain.” The move aims to lower food costs by investigating “sectors including meat processing, seed, fertilizer, and farm equipment.” Friday featured a flash sale for soybean exports sold to China, the first of the week after traders had expected to see quicker confirmation of the business that was rumored to have taken place over Thanksgiving. A generous estimate of activity since the trade deal announcement would cover about one-third of the 12 million metric tons of soybean exports that were previously promised for “this season,” although it was clarified last week by Treasury Secretary Scott Bessent that his reference was to the end of the meteorological winter season in February. Chinese demand disappointment pulled January soybean futures lower for…
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