It was a risk off day as investors shook off earlier Omicron concerns and bought back part of what they’d given up in the past few days. With indications that this version of the virus is not deadlier, that it may even follow the evolutionary trend of viruses getting weaker over time, and that it still gets beat by the vaccine - JP Morgan advised “buy the dip.” After falling 3.1 percent on initial virus fears, the Dow is back up 1.86 percent from its low yesterday. Wheat, corn, and soybeans all pared losses earlier in the week as they made it two days in a row of closing higher.
Instead, there is a new bear in the market, and it had some bullish influence today. That bear is Russia with its saber rattling a...
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...
