World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

General Comments Today's price action in grains and the soy complex again followed the recent pattern of changing direction each day. On Monday markets were down, Tuesday they were up, so today was destined to be a down day. And it was. Prices weakened in overnight trade amid some speculative long liquidation. There also appeared to be some hedge selling.Price weakness carried over to the day session in response to a number of bearish influences, both micro and macro. The most influential macro influence came from China, where the Chinese purchasing manager's index (PMI) came out as 50.6, down from 50.9 last month. Analysts expected the index would be unchanged, so today's lower number provides a further signal that Chinese economic grow...

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feed-grains soy-oilseeds wheat

Market Commentary: Absent Chinese Demand, Supply Dominates the Mood

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Cattle of Feed - Sep 2025

U.S. Cattle on Feed in feedlots with capacity of 1,000 or more head totaled 11.1 million head on September 1, 2025. The inventory was 1 percent below September 1, 2024.  Placements in feedlots during August totaled 1.78 million head, 10 percent below 2024.  Marketings of fed cattle du...

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feed-grains soy-oilseeds wheat

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Markets were over-weight on the Xi – Trump phone call this morning. The phone call went well enough but after it became clear there was no deal on ag or soybeans, the latter turned south. Beans and meal had traded higher overnight and at the open, but like all three wheats, closed on loss...

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feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.24/bushel, up $0.0025 from yesterday's close.  Dec 25 Wheat closed at $5.225/bushel, down $0.0175 from yesterday's close.  Nov 25 Soybeans closed at $10.255/bushel, down $0.12 from yesterday's close.  Dec 25 Soymeal closed at $284/short ton, down $0.7 fro...

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