The week between Christmas and New Year’s Day is supposed to be reserved for binge watching movies. However, this first trading day after the three-day break had some notable developments:
Volume was higher for corn, soymeal, soyoil and hogs. March soybeans briefly breeched the $15 level. February Live Cattle hit a new contract high of 158.425/cwt.
Today’s USDA Grains Inspected report for last week came in around as expected, which is not bad considering the period featured an Arctic freeze and a slower Mississippi River.
However, the weekly movements are still too slow of a pace to meet USDA’s predicted exports for the market year. This is especially true for corn. Again, it cannot all b...
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...
