Volume was lower on Friday, as is generally par for the course. Notable metrics for the day include:
December lean hogs hit a new contract high at 91.525/cwt. December corn moved below the 20-day moving average, a bearish signal. While corn opened and closed in the red, soybeans flipped the bear’s grip later in the session and eked out a gain. Soyoil tried a similar gambit but failed. Wheat hugged the throne all session
For the week as a whole, all three wheats hit new contract lows, as did Paris. It was the second straight week lower for corn, the soybean complex, plus SRW and HRW. There was higher volume through the week pushing soymeal lower.
The one-year change in price does not reflect some of the over-archin...
What You Need to Know Today: Markets got a surprise with a corn yield of 181.2 bushels/acre in the October WASDE, above the average estimate of 177.6 bushels/acre and up from USDA’s September estimate of 178.5 bushels/acre. Although stronger demand is expected to absorb some of the addit...
Key Takeaways: On Friday afternoon, President Trump announced that Russia will “immediately supply over 300,000 Tons of Diesel Fuel” to the United States. The deal, typical of this administration, is light on details but promises an additional 500,000 tons in November and 1 m...
The USDA has lowered its 2026 red meat production forecasts slightly while forecasting a slight increase in broiler production. Beef is now projected at 24.802 billion pounds, 75 million pounds less than in September. Cow slaughter is expected to be up; however, this will be offset by lower ste...
