THE OPEN May beans: 2 higher May meal: steady May soyoil: 48 higher May corn: 3 1/2 lower May wheat: 7 lower The soy complex opened as called with prices placing new contract highs in soyoil with an upside break-out in the bean market out of recent congestive trade. Opening highlights included new contract highs in soyoil and further strength in oil share. Grains were reluctant followers, with recent new shorts in corn and wheat covering on soy complex strength. SOY
The soy complex put in an opening rally from the start of the trading session, with May beans exiting out of a period of consolidation (triangle formation), to the upside on further technical buying led by soy...
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...
