THE OPEN beans: 7 higher meal: 1.50 higher soyoil: 41 higher corn: 2 1/2 higher wheat: 2 lower The markets opened as called with the soy complex led by soyoil, which posted new contract highs on the back of continuing strong canola prices and business. Wheat lost its upward momentum, unable to drive past recent trading range highs, taking corn along with it. Neutral to low end export sales did not provide a spark of support for the morning, though the USDA Outlook's supply and demand report kept ending stocks snug, which will be supportive at trading range lows. SOY
The soy complex started the day on a strong note, with technical upside follow-through in soyoil which posted new contr...
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...
