The markets opened lower and then turned deeper red as the session wore on. Much of the pressure was from outside markets, plus caution ahead of the three-day holiday weekend. Soymeal and livestock managed higher closes but the rest saw losses. For the first four days of this trading week, December corn is down 10 cents, November soybeans have lost 66.5 cents and December SRW is off 11 cents. The trend is likely to continue into the long weekend.
One missing input for today’s trading was the weekly FAS Export Sales report. USDA said it will not be publishing the Weekly Export Sales report today or next week and will resume using the old reporting system effective 15 September. There was a glitch in the new reporting system t...
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...