If not for the ProFarmer Crop Tour, most observers would be looking outside of the agricultural commodity markets for some entertainment this week. And there was plenty going on elsewhere from the assassination of Russian Yevgeny Prigozhin to the expansion of the BRICS, a G20 meeting, the first Republican debate, Argentina, etc. Watching crops grow, not so much. Which is probably why after the exchange of thousands of contracts, prices remain range bound.
Soybean speculators have spent the past few weeks reducing their net long position in soybeans but according to today’s CFTC data, that just reversed with them adding 8.2 percent to a new net long of 25,787 contracts. Even the crop tour was relatively drama-free. This band...
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...
