THE OPEN July beans: 17 higher July meal: 4.90 higher July soyoil: 92 higher July corn: 14 higher July wheat: 8 3/4 higher The open was met with good buying activity allowing both soyoil and corn to place new contract highs. Hedging was less as many are still out on holiday. Oilshare found some light profit-taking on palm oil's lower price action, but all in all the very strong soyoil market still is supportive for the complex in general. Volumes were off today, which could make for a somewhat tentative close despite midday strength. SOY
The soy complex opened as expected with more fund buying. July soyoil trades to new contract highs at 65c, putting a solid spin to bean price...
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...