Markets firmed up overnight with wheat trading 5-6 cents higher following yesterday’s big sell-off. Wheat then took off sharply higher in the first hour of trading this morning. The strength was attributed to a report that U.S. wheat was among the cheapest offers to Egypt. Corn followed wheat higher, recapturing yesterday’s losses at mid-morning and holding those gains into the close. Trading volume in both wheat and corn was heavy, and both futures markets were heavily oversold after yesterday’s big losses. The soy complex was slightly higher in soybeans and meal while slightly easier in soyoil. Next week’s U.S. Corn Belt weather looks cool and damp (see maps below).
U.S. equity markets were crumbling agai...
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...
