THE OPEN March beans: 19 higher March meal: 5.90 higher March soyoil: 120 higher March corn: 11 higher March wheat: 4 3/4 higher The markets opened as called but swiftly traded both sides of unchanged with wheat futures leading the way lower. The business announcements could have been partly built into the rally, as prices traded both sides of unchanged for everything but soyoil futures. Oilshare strength continued as a major feature of trade. SOY
The soy complex opened higher but continued its choppy trade with profit-taking from the early morning strength leading to lower meal prices. Traders continue to buy soyoil against meal, sending March oilshare up to 33.91%. Marc...
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...