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: Wheat prices surged after Ukrainian strikes on Russian vessels and infrastructure disrupted grain shipments, halting traffic through the Sea of Azov, Kerch Strait, and Black Sea. The July WASDE report offered a modestly supportive outlook for corn, wheat, and soybe...
The trade deficit in goods and services came in at $77.6 billion in May, slightly smaller than the consensus estimate of $78.4 billion. After a few months of relative stability, the trade deficit widened in May. The increase in the deficit for the month was due to both a rise in imports, which...
Every June combines begin their annual sweep across the winter wheat fields of Texas, Oklahoma, and Kansas. At the same time, USDA releases its Acreage and Crop Progress reports, providing the first comprehensive look at the size and condition of the crop. Most years the reports simply confirm...
