THE OPEN July beans: 9 lower July meal: 3.80 lower July soyoil: 57 lower July corn: 1/ higher July wheat: 9 1/2 lower The markets opened as called with the feature of the morning that of higher values in corn as funds purchase the open. Corn strength surprises many traders as bulls are there to defend, and most of the strength is in the spreads, which trades to new highs. SOY
The soy complex started the day as a follower of stronger corn prices, with soyoil quickly surging to higher levels as traders bot soyoil/sold meal. July oilshare trades higher to 41.80% with crush down to 83c/bu. July soyoil trades quickly back over 60c, remarkably holding its major visual upt...
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...
