GOOD MORNING, The markets are mixed this morning, though corn posted a new contract high during the night session. Corn had an outside week, reversing higher which set the course for further fund buying. Last week, China purchased a huge amount of US corn due to their internal deficits, with some analysts calling for China to possibly import 30 mmt of corn, which could include 5.0 mmt from Ukraine, 3.0 from Brazil, and 22.0 mmt from the US. As we begin a new month, the pressure of bean harvest in SA will keep beans on the defensive on good rallies while corn will experience less pressure. The market will remain supported by Brazil's late harvest and trucker strikes. Beans begin the morning on the...
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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