The market started a little slow, with corn trading lower, while soybeans and SRW were only modestly higher. And why should they act any differently?
The weather is unchanged. There is no fresh news. Flash sales are missing from action. The impact of China’s breakout from lockdown remains a wildcard. Outside markets reflect angst, with stocks down and the dollar back on safety call.
None of that has changed but doldrums in the grain pits didn’t last.
There was solid volume in corn and soybeans during this otherwise movie-binging week. Corn traded solidly higher for a third straight day, and has been higher for five of the past six sessions. Soybeans keep pushing against resistance levels.&n...
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...
