Wheat and corn were lower overnight, and the soy complex was firm. The weakness in wheat was caused by a bigger-than-expected fund long position coupled with a chance for rain in eastern Australia. Soybeans were firm on continued trade optimism. Corn was confused over whether to follow wheat or soybeans, and it chose wheat. Funds were sellers of corn and wheat but light buyers of soybeans. The Pro Farmer corn and soybean tour began today. Early reports were widely scattered but generally good. U.S. equity markets were firm today as was crude oil.
Corn FUTURES Sharp losses in the wheat markets coupled with some weekend rain across parts of the western Corn Belt held the corn market steady to lower today. Weekly export in...
Given yesterday’s headlines, today’s market action may not be what many expected. The dollar is little changed, crude oil is pulling back and stocks are trading higher. Crude may be the biggest piece of today’s reversal. Saudi Arabia is offering additional crude to Asian buyer...
Key Takeaways: Managed money is holding more than one million net-long contracts across agricultural markets, with corn, soybeans, and soymeal all reaching record net-long positions in September. Fundamental concerns surrounding yields, supplies, and global availability have helped justify the...
Under an Executive Order on 4 September, USDA announced $50 million in new funding to help states establish or expand meat and poultry inspection programs as part of an effort to increase processing options for livestock producers. It’s called the Stand-Up Program, which will help states...
