For a second day in a row, large capital flows moved to stem exposure to a seriously bad weather forecast. Showers will decorate the Southern Plains and southeast but the heart of the corn and soybean production area, and especially center and eastward are seeing none of the badly needed rainfall. There was higher volume today in corn, soymeal, SRW and HRS. Markets are over-bought but it takes nerves of steel to remain short under these conditions Instead, funds are loading up ahead of a three-day holiday weekend.
The rush for coverage even before the past two days’ rally saw wheat speculators trim their net short position by 4,308 contracts to 102,396 contracts; corn speculators trimmed their net short position by 47,039 con...
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...
