A down day was in the forecast and down it was. December corn staged a minor comeback mid-session but could not hold and ended on a fractional loss. December SRW opened lower, briefly stabilized and then sank even lower for the close. The liquidation rivaled Tuesday’s exit, but the impact was more on wheat and less on corn.
The higher volume in corn trading reflects the different views about what tomorrow’s USDA WASDE report is going to indicate. Whatever it says is more likely to be accurate when it comes to corn because this crop has been made. In any event, the overall expectation is bearish. Tomorrow could set contract lows, assuming USDA does not repeat its August report with a surprisingly bullish picture. ...
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...
