THE OPEN May beans: 22 lower May meal: 5.40 lower May soyoil: 50 lower May corn: 8 1/2 lower May wheat: 12 lower The markets opened lower triggering sell-stops as funds sold / liquidated length all day into scale-down commercial pricing activity. Soyoil futures recovered first as traders continue to buy soyoil/sell meal trade, pushing oilshare into 8-year highs. Beans split the middle, while wheat gained on corn. SOY
The key feature of the soy complex was that of further price liquidation, new lows in meal, and higher oilshare. May crush trades up to 72.10c/bu while oilshare strengthens to 39.42%. May and November beans trend lower on selling pressure as the mission of th...
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...
