There was much to contemplate today and that was reflected in the unsettled nature of various contracts and the mixed finish. Leading wheat and soybean contracts have taken losses for four out of the last five trading sessions, though July wheat remains higher based on the larger gain on Tuesday and otherwise smaller losses on other days. July soybeans made some recovery yesterday but went back to losses today. By contrast, July corn has traded higher four out of the last five trading sessions. Both corn and soyoil scored new contract highs.
The day’s news that the U.S. economy shrank 1.4 percent in the first quarter raises more concerns about politics than the economy. Wall Street shrugged it off despite it being the lead ne...
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...
