THE OPEN July beans: 1 3/4 lower July meal: 2.00 higher July soyoil: 1.40 lower July corn: 3 higher July wheat: 1/4 lower Prices opened as called but the soy complex was defensive at the open led by lower soyoil values. Corn prices found quick support heading higher against the soy. Main trends were firmer grains vs. soy, and higher meal vs. weaker soyoil as traders booked profits in oilshare. SOY
The soy complex was in defensive mode after the start of the trading session, with a large sell-off in July soyoil into key lower support at 6450c where sell-stops were triggered taking prices to new lows at 64.28c. Traders found the sell-off handy to reapply buy soyoil/sell meal trad...
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...
