World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: Crude Oil Selloff Sinks Soyoil, Soybeans; Corn, Wheat Lower Ahead of Stocks Report

A surprise selloff in crude oil put heavy selling pressure on the CBOT soy complex on Thursday, with soyoil and soybeans scoring bearish reversals for the day. The weakness in the soy complex sent corn and wheat into the red as well, with traders unwilling to take more long risks heading into the weekend with the Grain Stocks report looming on Monday. Wheat also saw pressure from greater farm sales as farmers take advantage of their rally toward the $6.00 level. Overall, the day’s trade seemed to spark some renewed caution ahead of the major fundamental report with profit taking becoming popular after the recent rallies.  The USDA’s quarterly Grain Stocks report for September will come out on Monday, 30 September and analy...

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feed-grains soy-oilseeds wheat

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Dec 24 Corn closed at $4.1325/bushel, down $0.02 from yesterday's close.  Dec 24 Wheat closed at $5.8425/bushel, down $0.05 from yesterday's close.  Nov 24 Soybeans closed at $10.41/bushel, down $0.1225 from yesterday's close.  Dec 24 Soymeal closed at $326.8/short ton, down $1.4...

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Livestock Roundup: Hogs and Pigs Report Mostly Neutral

Today, USDA released its quarterly Hogs and Pigs report for the June through August quarter.  The total inventory of hogs and pigs on 1 Spetmeber was 76.48 milllion head, which was up from 76.133 million head in 2023.   Typically, inventories grow from 1 June and peak for the ye...

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Summary of Futures

Dec 24 Corn closed at $4.1325/bushel, down $0.02 from yesterday's close.  Dec 24 Wheat closed at $5.8425/bushel, down $0.05 from yesterday's close.  Nov 24 Soybeans closed at $10.41/bushel, down $0.1225 from yesterday's close.  Dec 24 Soymeal closed at $326.8/short ton, down $1.4...

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Oilseed Highlights: Weakness Today But Still Plenty of Support

The Market The soy complex has had a bullish week thus far, moving higher on a weather premium added for Brazil, and news that China, the largest importer of soybeans, will significantly boost economic stimulus. Short-covering had been rampant until today’s selloff. News that Saudi Arabia...

livestock

Livestock Roundup: Hogs and Pigs Report Mostly Neutral

Today, USDA released its quarterly Hogs and Pigs report for the June through August quarter.  The total inventory of hogs and pigs on 1 Spetmeber was 76.48 milllion head, which was up from 76.133 million head in 2023.   Typically, inventories grow from 1 June and peak for the ye...

feed-grains soy-oilseeds wheat

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Dec 24 Corn closed at $4.1525/bushel, up $0.035 from yesterday's close.  Dec 24 Wheat closed at $5.8925/bushel, up $0.1125 from yesterday's close.  Nov 24 Soybeans closed at $10.5325/bushel, up $0.11 from yesterday's close.  Dec 24 Soymeal closed at $328.2/short ton, up $2.3 from...

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