Soybean and corn futures traded slightly higher again overnight, while winter wheat contracts stayed close to unchanged. Trading volume was barely average. However, prices across the board turned red early in the day session and stayed that way through the close. Soybean prices ended down more than 5 cents, soymeal was down around a dollar and soyoil fell 24-33 points. Corn was down about a penny, but wheat posted sharper losses following Stats Canada’s bearish final 2017 production report. Chicago wheat dropped 7.5 cents, KC wheat was down 8 cents, and MGEX spring wheat lost 12.5 cents. Markets reacted to the bearish Stats Canada numbers as well as weather model hints of rain over central Argentina about 10 days from now.
The bear...
What You Need to Know Today: USDA reports are delayed until Tuesday due to the federal holiday on Monday. Over the weekend, President Trump announced a ceasefire between Russia and Ukraine. Russia warmly welcomed and confirmed this ceasefire by conducting more strikes against Ukraine. Specific...
On Saturday, 10 October, at a campaign rally in Clarksville, Tennessee, President Trump said that the U.S. and Mexico would come to terms on a new trade deal, and he said Canada does not need to be part of the deal. Trump called the coming agreement with Mexico “great” but gave no d...
Key Takeaways: The United States has steadily lost global wheat export market share since the 1970s, falling from the world's leading exporter to a projected fifth place in 2026/27. The rapid expansion of Black Sea wheat exports, driven by improved productivity and export infrastructure, has r...
