THE OPEN May beans: 15 higher May meal: 5.40 higher May soyoil: 50 higher May corn: 4 higher May wheat: 6 1/2 higher The markets opened as called with wheat triggering buy-stops as prices traded above recent highs. Oilshare remained the leader on the board, traveling to new highs on vegoil strength. Buy bean/sell corn trade continues as the acreage fight heats up. SOY
The soy complex was led by soyoil once again, which opened on a steady note but traded sharply higher after the open. March soyoil trades above 50c to 5150c, levels not seen since 2014. Crude oil prices helped soyoil to firm, while canola futures took a time-out to consolidate some of its recent gains. ...
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...