General Comments This was not a pretty day in the agricultural commodity markets. Corn, wheat and soybean prices were slightly lower overnight, but those losses quickly accelerated this morning when fund selling took over the soymeal and soybean futures, eventually spilling over into corn and wheat. There were several reasons talked about for the sell-off, including:
Increased farmer selling over the weekend A better (wetter) forecast for Argentina Talk that China was going to auction some soybean reserves at below-market prices
We suspect the real reason for the selling was primarily technical in nature. November soybeans dropped to within 7-8 cents of recent lows, and December corn fell to new contract lows. That prompted mo...
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...
