It was a unique trading day amidst the caution surrounding the lack of fresh influences. Unique in that trading ranges for corn and soybeans were unusually small. Soybeans average approximately 50-cent daily swings, but the November contract only saw a 13.5 cent trading range today. December corn started the day with a 3.25 cent loss and then hovered around zero all session. Trading volumes were below the week’s average for everything except Euronext wheat where there was a scramble to address a tighter supply and quality concerns.
However, the larger anomaly was the 21.5 cent gain in September soybeans and 1.5 cent gain in September corn as the deferred contracts otherwise all took losses. In essence, old crop supplies are perhaps...
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...
