THE OPEN July beans: 26 lower July meal: 1.80 lower July soyoil: 205 pts lower July corn: 6 1/2 lower July wheat: 17 lower The markets opened lower and continued to hit sell-stops which triggered lower trade. Corn continued to find scale down commercial pricing interest as more commodity prices fell across the board, including crude which was down hard. There is more chatter that commodity prices may have found some interim tops. SOY
The soy complex closed at the weakest of extremes and prices continued to notch lower as more stops were triggered. Spreads were lower with the July/Nov bean inverse weakening down to 1.66c. July/Dec meal inverses trades to...
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...
