SPREADS May crush trades to 63c/bu while oilshare is 33.80%. Spreads are steady with July/Dec corn inverse trading to 86 1/4c from 83c and May/July at 10 1/2c to 11c. July/Dec wheat bounces to 96c inverse from 90 1/4c. March wheat/corn trades from 85c to 95c. July/Nov bean spread trades from 1.92 3/4c to 1.87c while March/May trades from 3 1/4c inverse to 2 1/4c. PALM OIL April closed up 65 ringgits at 3,382 ringgit/mt. The Malaysian Palm Oil Board is forecasting January export data to show exports at an estimated 1.056 mmt, down 35% from December. The decline is said to be attributed to the rush in Dec. to book cargoes ahead of Malaysia re-implementing an export tax in Jan.&nb...
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...
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Illuminating the value of technical research
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