General Comments Corn and wheat markets were sluggish overnight while soybeans exhibited some strength based on disappointing rains over the weekend across the northern Corn Belt. The market was also quiet ahead of the 11 AM (CDT) USDA reports. Two factors changed the tenor of these markets today:
USDA announced the sale of 713,000 MT of soybeans to China plus another 140,000 MT to unknown and 252,000 MT of corn to Mexico. The USDA reports were bullish (detailed in today's analysis).
The markets were caught leaning the wrong way today when the USDA report cut the corn and soybean yield estimates and ending supply numbers. December corn traded as much as 15-16 cents higher with November soybeans trading as much as 46 cents high...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
Key Takeaways: With the fall calf run now upon us, producers are finally getting a glimpse of what their realized profits will be for 2026. Some producers may have already obtained a strong estimate of 2026 revenues, especially if calves were forward sold in, for example, the mid-summer...
As fall begins, wild migratory birds are starting their seasonal migration. That has the industry and government officials worried about the potential spread, again, of highly pathogenic avian influenza (HPAI). Some members of Congress have called for the United States to be prepared for a pote...
