THE OPEN March beans: 12 higher March meal: .30 lower March soyoil; 63 higher March corn: 13 higher March wheat: 8 1/2 higher The markets opened as called with corn/bean spread trade still a fan-favorite. End-of-month position-squaring may have kept corn from putting in further opening gains, but prices remained well supported on pullbacks. Bean inverses found pressure as well, but corn spreads continued to hold up. Soyoil futures broke lower as beans once again put in a fairly choppy and weak performance. SOY
The soy complex opened as called but beans once again turned lower from higher, with March triggering sell-stops with trade back below key support at $13.45. The bean market co...
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...
