THE OPEN May beans: 9 3/4 lower May meal: 3.50 lower May soyoil: 21 lower May corn: 4 1/2 lower May wheat: 1 1/2 lower The markets opened lower with more fund selling as charts were building in resistance and rains are forecast to fall in Argentina and the US plains. Beans were losing the most, but soyoil futures came roaring back from a hard break to trade to new contract highs. The strength in soyoil futures caught bears in beans flat-footed, which produced a short-covering rally in beans and meal. Corn prices followed, but grains remained generally weak led by wheat. SOY
The soy complex worked lower today led by beans and meal. Soyoil prices broke hard at first but managed an earl...
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...
