The CBOT opened with short covering that lifted corn and soybeans higher early in the day. Firmer crude oil prices were supportive initially. Row crops ended up trading both sides of unchanged but finished slightly higher ahead of First Notice day tomorrow. Wheat was the bigger story of the day, with better rains forecast for the EU and Black Sea regions creating significant selling pressure and pushing SRW and HRW wheat below key technical support points. Funds were net buyers in corn and soybeans with an increase in weekly export sales/exports expected in tomorrow’s report. Long liquidation was the theme in wheat, with funds emerging as net sellers today. Global weather patterns are turning more favorable this week with bette...
What You Need to Know Today: Funds remain in control of the market, which means broadly bearish trade for the ag sector. Monday’s massive corn export sale to Mexico helped trigger some short covering and a bit of other end-user buying in corn, which could help stabilize the market. Wheat...
With less than 24 hours until Election Day, control of the Senate remains a wild card. Republicans and Democrats alike say they are poised to win control of the chamber in the new Congress that starts in January 2027. The House of Representatives is more of a lost cause for continued Republican...
Key Takeaways: U.S. hog and pork prices have declined sharply, with December lean hog futures ending October at $58.875/cwt and the pork cutout reaching its lowest level since January 2021. Seasonal increases in hog slaughter and pork production have contributed to price weakness, although the...
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