THE OPEN Nov beans: 18 lower Dec meal: 4.00 lower Dec soyoil: 96 pts lower Dec corn: 9 lower Dec wheat: 12 lower The markets opened as expected but weaker outside markets, bearish Pro Farmer Crop tour comments, and rains forecasted for the weekend took a toll on the marketplace. Prices technically broke key support, which triggered sell-stops and lower price action. SOY
The soy complex traded lower with funds coming out as sellers heading into what could be a wet weekend of weather. Flash sales of 263 tmt to China and 149 tmt to Mexico did not help the bean markets cause. Old crop bean sales to China were for 1.030 mmt. Sep. beans leg lower trading down to 13...
What You Need to Know Today: Corn and soybean futures were lower to open the week, with funds still in control and in a selling mood. The upcoming WASDE report on Tuesday is also likely to feature larger corn and soybean stocks, which helped put grain futures on the defensive. Wheat futures we...
Key Takeaways: Currency exchange rates influence agricultural export competitiveness and producer profitability, even when underlying commodity prices remain unchanged. A weaker domestic currency allows agricultural exporters to receive more local currency for dollar-denominated sales, potenti...
Although inflation has remained elevated since the post-COVID surge, it steadily moderated until the past year. More to the point, today’s inflation looks very different from 2022, when the Consumer Price Index (CPI) peaked at 9 percent. During and after the pandemic, the M2 money supply...
Soybeans Brazil Last week was once again very quiet, with very few trades. There is little activity in Brazil's old-crop market, with virtually no old-crop offers remaining for November. Brazil's export lineup for November and December is currently much smaller than last year's. After exporting...
