There was red across the board today as ags and outside markets collectively absorbed the Fed’s message of potentially longer-term costlier money and consequently slower growth. Adding to the weight was a U.S. dollar that hasn’t traded this high since 8 March.
There was some higher volume in soyoil and lean hogs, the former chasing global edible oil prices lower. Contracts traded lower all session but there was one last larger dip downward near the close. The ranges are mostly holding but at their lower levels. It is a trend that may be difficult to break. USDA’s export sales report reinforced the sluggishness in moving grain abroad as most commitments continue to trail year ago levels. Meanwhile, Ukraine is loadi...
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...
