The Market After hitting a seven-month low, soybeans rebounded this week, gaining 17¼ cents. It was soymeal dragging down the whole complex. There were a few deliveries of soymeal against the May contract and overall the July contract lost $6.30. July Soyoil gained 2.66 cents.
Speculators again cut their net long positions, though just by 37.3 percent, down to 36,874 contracts. Market Factors Russia, Ukraine, Turkey and the UN were discussing extension of the grain corridor agreement today but expectations are low. The EU imposed a ban on imports of sunflower, rapeseed, wheat and maize from Ukraine into five member states on the border until 5 June. Fediol complained that oilseed products are not banned and this wi...
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...
