THE OPEN Nov beans: 9 higher Dec meal: .20 lower Dec soyoil: 120 pts higher Dec corn: 4 higher Dec wheat: 10 higher Prices opened as expected with upside follow-through on a good technical close and chatter that China has come back and booked beans. Spreads also strengthened which helped the bull's cause. Later in the session soyoil prices turned lower from higher, taking bean prices along for the ride as a new headline was released that stated the EPA was considering cuts to biofuel blending obligations for 2020, 21, and 22. Chinese markets opened and stocks were down only fractionally, which helped to stabilize markets globally, particularly the US. SOY
Bean pric...
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...
