The CBOT featured early firming in the grains complex with nothing but lower prices for the soy complex. Early buy corn/sell soybeans spread trade set the course for lower soy products trade while wheat spent the day drifting lower. The weekly Export Inspections report showed the influence of the Thanksgiving holiday with shipment volumes for the major commodities all posting sizeable weekly decreases. More importantly, however, YTD corn exports are down 58 percent while the same statistic for soybeans and wheat is 20 and 19 percent higher, respectively. The aggressive pace of soybean shipments so far is a fortunate positive for the soybean market heading into springtime when U.S. exports typically decline.
The one-day del...
Key Takeaways: President Trump announced $8 billion in additional agricultural assistance through the Harvest Fuel Relief Program, as USDA projects farm fuel and oil expenses will increase 28.8 percent in 2026. The package follows $12 billion in earlier relief, while government farm payments w...
Key Takeaways: A student group from the University of Chicago is protesting to bring back onion futures trading. Trading in onion futures was banned in 1958 following a spectacular bout of market manipulation that resulted in a corner of the physical market. The ban on onion futures led t...
Beef packer margins deteriorated to $141/head last week, down $55 from the prior week as fed cattle prices strengthened while the Choice cutout remained nearly unchanged. The cutout held near $373/cwt while fed cattle prices climbed $4/cwt to $224/cwt, narrowing processor profits. Despite the d...
