THE OPEN July beans: 21 higher July meal: 3.40 higher July soyoil: 120 pts higher July corn: 13 1/2 higher July wheat: 8 1/2 higher The markets opened into strength and found upside technical follow-through and new highs as funds returned as market buyers. Oilshare strength and stability for nearby bean spreads were features, but corn inverses remained under pressure as July contracts are rolled forward. Forecasts for hot and dry weather with limited rains in the Northern Plains underpins the markets and is the central focus. SOY
The main feature in the soy complex was that of higher oilshare as soyoil quickly traded back over 70c in the July contract while meal prices congested at t...
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...
