THE OPEN May beans: 5 higher May meal: .80 lower May soyoil: 34 higher May corn: 1 higher May wheat: 3 higher Prices opened as expected and turned extremely choppy into the opening moments of trade. Oilshare was the net gainer on the day as traders returned to buy soyoil/sell meal trade prompted by weaker crush margins vs. constructive soyoil charts. Corn found a bit more liquidation at the PM highs of the night, while wheat gained on corn as well. The huge fund long position weighed on corn, as some traders decided to exit the market. SOY
The main feature in the soy complex was that of higher oilshare as soyoil prices maintained an extremely firm trade, holding key support at...
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...
