THE OPEN May beans: 4 3/4 lower May meal: 2.10 lower May soyoil: 20 lower May corn: 4 1/4 lower May wheat: 12 lower The markets opened as expected with meal prices turning higher as traders booked profits on recent buy soyoil/sell meal trade. Wheat prices continued to sell-off in terms of technical chart points. Buy corn/sell wheat spread trade was a fan-favorite. Volumes remain low with holidays in China and Brazil. SOY
The soy complex traded mixed with traders taking profits on oilshare and meal rallying on the back of extreme cold temperatures. May crush trades up to 71c/bu while oilshare falls back under 35.0% to 34.90%. Higher palm oil initially lifted so...
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...