THE OPEN May beans: 1 lower May meal: .80 lower May soyoil: 8 higher May corn: 1/2 lower May weather: 8 1/2 higher The markets opened as expected with inverses recovering from a recent sell-off and prices popping off fresh lows. Buy bean/sell corn and buy soyoil/sell meal trade continues. Prices continue to now recover from end-of-month profit-taking, with an impressive performance today. Good rallies were noted, but the March theme of choppy trade may continue to persevere. SOY
May beans held on to key technical support levels from $13.75 to $13.80 with pricing, short-covering, and perhaps even new buying activity. November beans gained as well, after prices nearly tested the...
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...
