Soybeans were the leader at the CBOT today while wheat and corn futures failed to find much buying interest. Cattle futures were higher while lean hogs fell in sympathy with lower cash values. The first day for deliveries on November soybeans found fewer notices than were expected, with the CBOT posted 13 contracts of deliveries versus prior estimates of 300+. That allowed soybean futures to recover from their recent beat-down but failed to inspire bulls in any other markets. Wall Street is higher as of this writing with the S&P500 up 1.18 percent and the Dow up 269 points. The U.S. dollar is down from recent highs, losing 4 bps to 97.084 while crude oil futures continued their selloff.
Corn December corn closed 1 &frac...
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...
