THE OPEN July beans: 7 higher July meal: .30 higher July soyil: 84 higher July corn: 9 1/2 higher July wheat: 6 3/4 higher The markets opened as expected with prices turning higher led by July corn as the sale of corn to China supported bullspreads. Soyoil posts a new contract high from the start of the trading session. Bean bullspreads caved after the start of the day taking July beans for a mixed ride from a higher start to lower on the day. Oilshare found some midday profit-taking. SOY
The soy complex entered into a choppy day of trade as bullspreads weakened, breaking July beans back to the lower end of recent support levels and eventually into new lows when sell-stop...
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...
