The Market The Board continued its bearish trend over the past five days of trading, though at a shallower pace. November soybeans hit a new contract low today (1007/bushel) and over the past five days have dropped another 8.25 cents (-0.8 percent). Falling soybean values have sparked purchases by importers. In addition to better weather pointing to a record U.S. crop, Brazil starts planting its 2024/25 crop next month. Another record in South America is expected though locals believe it will be a relatively small increase due to smaller profit margins.
Soymeal has held up the best, down just 10-cents (-0.03 percent) over the past week.
The former darling soyoil saw a new December contract low this week (38.87/pound) and...
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...
