Markets opened mostly negative following an overnight session that involved some red. However, there was a turnaround mid-session that saw much of the market rebound and end in the green. Ags were in sharp contrast with outside markets that mostly bled ahead of tomorrow’s jobs report. Week to date, December corn is up 20.75 cents, November soybeans are up 5.75 cents and December SRW has risen 36.75 cents. The question is whether this can last?
The problem is not fundamentals but external markets. Ten-year Treasuries have now spiked to the highest level since 2007 and the whole bond market is sucking the wind out of equities. There are now warnings that borrowing costs may rise to the point of causing a recession. Mortgage rates hit...
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...
