It was generally low volume in the futures market today as traders focus on the three-day holiday and the Goldman roll is no longer around to move the numbers. The brief respite is strongly welcomed after the frantic business of the past few weeks. Corn and the soy complex continued to trade higher today, while wheat paired back on its substantial gains of the past several days of trading.
Standouts in today’s action included new contract highs in corn in soyoil, and an HRS contract that went its own way in the overnight and then uniquely attracted higher volume in the day trade. The USDA Export Sales report was a mixed message. Corn exports were solid, despite cheaper South American prices, soybeans were down from the...
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...
