THE OPEN July beans: 9 higher July meal: 2.00 higher July soyoil: 94 higher July corn: 1 higher July wheat: 5 3/4 higher The markets opened higher and quickly tacked on further gains. Bean and wheat prices led the rally based on technical direction and overnight strength. Beans gained on corn, and soyoil on meal. The index roll is on day 2 and is a major feature of trade and volume. SOY
Funds were back to buying the bean market as positions are lower than what they were a few months ago, allowing for further interest on pullbacks. The technical picture remains sound with prices now operating towards the upper portions of trading ranges. Spreads reb...
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...