GOOD MORNING, Prices continue to find pressure as harvest looms but considering there is an impending September WASDE, there is also some pricing and short-covering. Soyoil futures follow a higher palm oil direction, helping to support bean and oilshare. Corn has put in a bit of stability, while wheat appears to have factored in the sale from yesterday and is now in further congestion. KC wheat is weaker today against Chicago. There are early reports of harvest progress in the Delta and deep South and will see harvest progress in one week's time. In terms of the Gulf, Ag. Sec. Vilsack stated that major disruptions are likely to be avoided as companies slowly get up and running. The good news is th...
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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