With mostly average to lower trading volumes and narrow trading ranges, there is some speculative comfort ahead of USDA’s September WASDE arriving just two trading days ahead. These could be harvest-lows, assuming USDA sees crop yields like those now priced into the market. The book and movie about WWI and all quiet on the Western Front really meant there was angst around the uncertainty. In this holiday shortened-trading week, corn gained a fraction despite the trend of late being sideways lower, and soybeans shed a few cents despite it being characterized as trending higher. SRW wheat was a wash. The winner again was soymeal, which is dominating the export market and thus getting rewarded in the trading pits.
Actual...
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...
