THE OPEN Nov beans: 2 higher Dec meal: .90 lower Dec soyoil: 50 higher Dec corn: 1 higher Dec wheat: 2 lower The markets opened as expected but it was downhill again from there as the soy complex turned red and corn made new lows. Funds continue to liquidate out of length before the report and as harvest resumes. Buy corn/sell wheat and flip-flopping in oilshare were dominant features of trade. Into the midday hour, prices turned higher from lower signaling the kick-off to a possible congestion phase into report time. SOY
The soy complex opened higher but turned two-sided as soyoil broke lower on the day from a sharply higher overnight trade. Soyoil prices whip-sawed arou...
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...
