THE OPEN Jan beans: 10 lower Jan meal: 1.00 higher Jan soyoil: 69 lower March corn: 5 1/4 lower March wheat: 3/4 lower The markets opened lower with more fund selling and profit-taking into the opening hour. Rumors/chatter of possible Chinese bean wash-outs were noted in the market, as well as ideas that some US orders could be switched to Brazil for the Feb. time period. Oilshare also found profit-taking from lower palm oil prices. Wheat futures gained on corn, corn held up better vs. beans, and meal was higher vs. soyoil. SOY
The major feature in the soy complex was that of profit-taking in oilshare, with Jan values dropping back towards the 32.0% level with a trade to 32.30%...
Congress is moving forward with its FY 2027 spending bills, while also still working to address FY 2026 funding for the Department of Homeland Security, which is still in a shutdown. The House Agriculture-FDA Appropriations Subcommittee marked up and passed its FY 2027 bill. The House bill prov...
Mediterranean/Middle East/North Africa/Africa – MEA Region Tunisian researchers have been able to fully sequence the genomes of two local durum wheat types that have been grown in Tunisia for generations. They say that this “could be the key to developing more climate-resistant duru...
Update for 6 April 2025: Last year, users pointed out differences between the 5-year averages reported in this app and what USDA estimates in its weekly report. The difference exists because WPI calculates average based on the last 5 years of observations for the current week. In cases where ob...
