What You Need to Know Today:
Corn and soybean yields in the September WASDE report were close to pre-report expectations. The corn yield came in at 178.5 bushels per acre, compared with an average analyst estimate of 178.1, while the soybean yield was 52.8 bushels per acre, slightly above the 52.5-bushel average analyst estimate. The Consumer Price Index rose 0.4 percent month-over-month and 3.4 percent year-over-year. Core CPI, excluding food and energy, increased 0.3 percent for the month and 2.4 percent year over year, reinforcing expectations that the Federal Reserve could raise interest rates at its meeting next week. The average U.S. diesel price exceeded $6 per gallon for the first time in history as global fuel supplies remai...
What You Need to Know Today: Funds remain in control of the market, which means broadly bearish trade for the ag sector. Monday’s massive corn export sale to Mexico helped trigger some short covering and a bit of other end-user buying in corn, which could help stabilize the market. Wheat...
With less than 24 hours until Election Day, control of the Senate remains a wild card. Republicans and Democrats alike say they are poised to win control of the chamber in the new Congress that starts in January 2027. The House of Representatives is more of a lost cause for continued Republican...
Key Takeaways: U.S. hog and pork prices have declined sharply, with December lean hog futures ending October at $58.875/cwt and the pork cutout reaching its lowest level since January 2021. Seasonal increases in hog slaughter and pork production have contributed to price weakness, although the...
