Speculators have been reducing their market exposure for the last several sessions but today still had some unique attributes:
Higher volume in corn, SRW, feeder cattle and lean hogs. Above average volume in corn despite the trading range only being six cents. November soybeans had a relatively narrow 11-cent trading range, and the gains were larger in the longer dated contracts. Gains were also larger in longer dated SRW contracts. There were 66,478 December soyoil contracts traded and the result was zero change in price. Higher volume in the October feeder cattle contract drove it to a new intra-session high.
What you are reading is not the totality of the market but the synthesis of many different analyses. USDA&rs...
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...