THE OPEN November beans: 10 higher December meal: steady December soyoil: 60 higher December corn: 2 higher December wheat: 2 lower Prices opened as expected but rallies did not get too far as some position-evening was noted on the rally. Moderate buying activity was noted early on the back of continuing chatter about production declines for Russia. Most traders are in the mindset that USDA will trim yields for corn, while bean yields may be left unattended. SOY
The major feature in the soy complex was that of higher oilshare once again. Buy soyoil/sell meal put oilshare values in Sep up to 46.78%. Sep. crush values traded at 1.16c. Soyoil gained on meal all day as prices...
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...
