What You Need to Know Today:
The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Middle East peace/war dynamics and oil influence, but Wall Street is happy.
What You Need to Know About the Week:
Corn, beans, and wheat saw gains, except HRW, which lost some weather premium. It was the first week higher for corn and soybeans after two prior weeks of losses. After three weeks higher, soymeal lost ground this week. After two lower weeks, soyoil squeaked out a small gain. It was a second straight week of gains for SRW and HRS. Basis le...
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...