First Day of Trade Year Saw US Dollar Shooting Higher

新年的第一个贸易日，延续了去年的股票，美元和原油射击率更高，而谷粒萎靡不振。

在休息后转向休息后，豆豆的一次高等大约8美分。巴西很可能会看到有些雨水有助于限制巴西的干燥，而阿根廷已经看到广泛的降雨。在阿根廷预计下周有更多的雨量加入到过去两周下降的10英寸下雨。阿根廷仍然有一些没有种植的亩，可能会冒着那些面积的风险。

In Asia, palm oil, and China soy and meal futures were off sharply overnight. Argentina will start cutting its soybean export tax by 0.5 percentage point every month for two years starting in January 2018, resulting in a 12-point reduction to 18 percent by the end of 2019, the government said in a decree on Monday. When free-market proponent Mauricio Macri became president in December 2015, he cut the tax to 30 percent from 35 percent. He promised at the time that he would keep chopping the levy by 5 percentage points per year every year of his administration. But budget concerns have put that plan on hold.

Taiwan's MFIG purchasing group has issued an international tender to buy 40,000 to 65,000 tonnes of corn which can be sourced from the United States, Argentina, Brazil or South Africa. Algeria's state grains agency OAIC has issued an international tender to buy optional-origin soft milling wheat.
The tender sought a nominal 50,000 tonnes but Algeria often buys considerably more in its tenders than the nominal volume sought.

Global equity markets were up sharply which helped push US equity futures. Chinese PMI was up better than expected suggesting manufacturing was running strong.

The risk of trading futures, hedging, and speculating can be substantial. Grain Hedge is a Branch of Foremost Trading LLC (NFA ID: 0307930)

—Kevin McNew