Good weather boosting crops in Brazil, the U.S. and elsewhere, an extension of the Black Sea grain corridor, and a rising dollar all conspire to extend the downward momentum in most commodities. The exceptions today were soyoil and livestock. The latter saw a new contract high in feeder cattle. Thus far in this trading week, July corn is down the most, -5.2 percent, July soybeans are -4 percent with slightly larger breaks in coproducts, and the three wheat classes are off -2 percent to -3.6 percent, the latter being July SRW.
The Black Sea agreement is just a two-month extension and Russia can still throttle down Ukraine’s exports as it has with slowed inspections, but Moscow avoids blame from third countries usi...
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...
