THE OPEN Nov beans: 2 higher Dec meal: 2.50 higher Dec soyoil: 60 lower Dec corn: 1/2 lower Dec wheat: 10 lower The markets opened as expected with profit-taking in wheat and wheat/corn spreads. Oilshare continued to leak lower as charts leaned friendly for meal and sideways for soyoil. Buy bean/sell corn and buy meal/sell soyoil trade continued throughout the session. Outside markets were weaker with stocks down sharply on geopolitical tensions over current events in Afghanistan. Prices turned lower from higher as bulls took profits into midday. SOY
The main feature in the soy complex was that of profit-taking in oilshare. Sep crush trades steady at 1.04c while oil...
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...
