Normally, trading on the day before a three-day holiday weekend is a lackluster affair, but 2022 is an exception:
The winter storm and bitter cold weather blanketing much of the U.S. sparked a rally in wheat futures that spilled over into corn. The soy complex pushed higher again with soyoil receiving support from a rally in crude oil futures. No major technical developments were posted in the grain markets on Friday, but the strength this week has been surprising and likely signals a shift in market sentiment. Cattle futures pushed higher to end a bullish week while the hog market generally traded lower, except for deferred futures that found new contract highs. The livestock markets are set to trade higher ne...
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...
