THE OPEN May beans: 16 lower May meal: 5.40 lower May soyoil: 58 lower May corn: 6 lower May wheat: 9 1/4 lower Prices opened as expected with recovery trade particularly in soyoil from the open. Meal turned higher on oversold conditions as oilshare was lower. Wheat lost to corn, and beans to corn. Outside markets continued to apply pressure with the Dow sharply lower on liquidation. Deliveries were minimal with no beans, soyoil, and only 7 meal out of Incobrasa in Gilman which were stopped. Sharply lower canola and weaker crude weighs on the market. SOY
The soy complex traded lower today, with prices putting in some recovery trade initially with a short-cover...
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...
