When the close is not too far off the open, the trading range is small and the volume is light, the price must be right. Markets continued their quotidian march generally lower but in a modest way.
This no doubt reflects a weather forecast that spells recovery from an otherwise dismal July situation. Farmers everywhere elsewhere in the world wishing for a summer-long U.S. drought had hopes for higher prices dashed. Two troughs on each side of the Midwest and a disintegrating ridge in between is cooking up some rain. This is especially helping the eastern side of the Corn Belt, but a new wave of showers will also hit the Northern Plains and the southern Corn Belt. The bonus is cooler temperatures. Farmer confidence is o...
What You Need to Know Today: Iran warned that it will retaliate against the U.S. if American strikes target Iranian infrastructure, as President Trump has threatened to do next week if negotiations between the two nations do not resume. President Trump is scheduled to deliver a primetime addre...
Turkeys for Thanksgiving are typically placed this month. Turkey production has suffered from HPAI and other diseases for the past two years, and placements are still down overall. However, at more than 34 pounds per bird, overall production is being supported by heavier weights and increased p...
Key Takeaways: Continued domestic demand for soyoil in the U.S. will drive prices higher and create a firmer outlook for global soybean values and crush margins. U.S. soyoil prices are set to increase 13-16 percent over the next four months as the domestic demand expansion takes hold. Th...
