GOOD MORNING, A surprising crop ratings report and more chatter about bean demand presented a higher open, and funds were buyers in the overnight session. Grains followed, with meal gaining slightly on soyoil. Trends of note include buy beans/sell corn and buy wheat/sell corn. By the morning profit-taking in wheat and fund selling in oilshare pulled prices off their highs. Soyoil futures and wheat are down the most. US corn and bean demand goes its separate ways. US corn export lags, and for the week ending 8/12 US exporters shipped 0.755 mmt vs. 0.745 mmt week ago, and 1.139 mmt year ago. China was in for 0.275. Wheat shipments are 4.885 mmt vs. 5.663 mmt year ago. Bean export pace continue...
What You Need to Know Today: Markets got a surprise with a corn yield of 181.2 bushels/acre in the October WASDE, above the average estimate of 177.6 bushels/acre and up from USDA’s September estimate of 178.5 bushels/acre. Although stronger demand is expected to absorb some of the addit...
Key Takeaways: On Friday afternoon, President Trump announced that Russia will “immediately supply over 300,000 Tons of Diesel Fuel” to the United States. The deal, typical of this administration, is light on details but promises an additional 500,000 tons in November and 1 m...
The USDA has lowered its 2026 red meat production forecasts slightly while forecasting a slight increase in broiler production. Beef is now projected at 24.802 billion pounds, 75 million pounds less than in September. Cow slaughter is expected to be up; however, this will be offset by lower ste...
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