The fireworks were in the hog market today as the first two listed contracts finished with limit gains. Live cattle futures found support as well, while feeder cattle were mixed in lackluster trade. Grain markets were solidly in the red today with wheat sharply lower and the soy complex unable to find any support. Corn fared better than other grain contracts by simply not losing as much. Wall Street is lower as of this writing with equities and interest rate products falling. The VIX continues to rally, up 1.55 points at 22.26 presently, while the U.S. Dollar Index is up 48 points. Crude oil is modestly higher on technical buying and the EIA’s report that showed a drop in fuel supplies and growing demand.
Corn Decemb...
What You Need to Know Today: USDA reports are delayed until Tuesday due to the federal holiday on Monday. Over the weekend, President Trump announced a ceasefire between Russia and Ukraine. Russia warmly welcomed and confirmed this ceasefire by conducting more strikes against Ukraine. Specific...
On Saturday, 10 October, at a campaign rally in Clarksville, Tennessee, President Trump said that the U.S. and Mexico would come to terms on a new trade deal, and he said Canada does not need to be part of the deal. Trump called the coming agreement with Mexico “great” but gave no d...
Key Takeaways: The United States has steadily lost global wheat export market share since the 1970s, falling from the world's leading exporter to a projected fifth place in 2026/27. The rapid expansion of Black Sea wheat exports, driven by improved productivity and export infrastructure, has r...
