THE OPEN July beans: 12 lower July meal: 2.20 lower July soyoil: 89 lower July corn: 8 lower July wheat: 6-7 lower The markets opened as called with some spread unwinding. Grains were weaker vs. soy, as oilshare stabilized at the bottom. Benign weather and softer cash bean basis levels continue to weigh on the market, driving more weather premium out of price action. Funds continue as net sellers on the week. SOY
The soy complex opened under pressure, but end-of - week short covering and a healthy dose of bull-spreading lifted prices off their four-week lows. July bean prices started a congestion trade, while November bean prices remained on the defensive with a goo...
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...
