The CBOT featured early firming in the grains complex with nothing but lower prices for the soy complex. Early buy corn/sell soybeans spread trade set the course for lower soy products trade while wheat spent the day drifting lower. The weekly Export Inspections report showed the influence of the Thanksgiving holiday with shipment volumes for the major commodities all posting sizeable weekly decreases. More importantly, however, YTD corn exports are down 58 percent while the same statistic for soybeans and wheat is 20 and 19 percent higher, respectively. The aggressive pace of soybean shipments so far is a fortunate positive for the soybean market heading into springtime when U.S. exports typically decline.
The one-day del...
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...
