THE OPEN March beans: 4 higher March meal: 2.50 higher March soyoil: 41 lower March corn: 1 3/4 lower March wheat: 9 lower The markets opened on a mixed note with an adjustment in recent buy corn/sell bean trade, and a technically weak performance in wheat weighing on corn. The higher US dollar continues to weigh on wheat, while funds continue to have small positions either side of even. SOY
The major feature in the soy complex was that of lower oilshare as traders continue to unwind recent buy soyoil/sell meal spread trades. May oilshare falls to 33.49% from values over 34.0%, while crush trades to 63.84c/bu. Farmer protests in Argentina could promote another exp...
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...
