GOOD MORNING, Prices are attempting to stabilize after funds sold a decent amount of corn, beans, and soyoil on better chances for rainfall, negative political headlines, and broken trendlines. Soyoil prices are emphatically bouncing back and helping to support beans. Wheat prices see double digit losses, led by KC. Improving SRW and HRW crop ratings and falling Minn. wheat pressured prices. More funds are becoming disenchanted with the poor technicals now and a seasonal that says sometimes summertime highs are set in June. The presence of a possible bearish report June 30 and a touch of better weather is enough to send prices lower. The more disappointing performance was the reaction o...
Accountability and a comprehensive approach to export programming
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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...