THE OPEN Jan beans: 18 3/4 higher Dec meal: 7.70 higher Dec soyoil: 15 higher Dec corn: 3 higher Dec wheat: 2 3/4 higher The markets opened higher with more buy bean/sell wheat spread trade and buy meal/sell soyoil. Bull-spreads were firmer as the markets returned to strength. Traders continue to hear about corn and bean Chinese business, but have yet to see confirmations. The weaker US dollar continues as a positive back-drop for commodities in general. SOY
The key feature of the complex was that of new contract highs in beans as well as profit-taking in oilshare. Jan beans found new buying from a less-than-expected long commitment-of-traders report, and ru...
What You Need to Know Today: USDA reports are delayed until Tuesday due to the federal holiday on Monday. Over the weekend, President Trump announced a ceasefire between Russia and Ukraine. Russia warmly welcomed and confirmed this ceasefire by conducting more strikes against Ukraine. Specific...
On Saturday, 10 October, at a campaign rally in Clarksville, Tennessee, President Trump said that the U.S. and Mexico would come to terms on a new trade deal, and he said Canada does not need to be part of the deal. Trump called the coming agreement with Mexico “great” but gave no d...
Key Takeaways: The United States has steadily lost global wheat export market share since the 1970s, falling from the world's leading exporter to a projected fifth place in 2026/27. The rapid expansion of Black Sea wheat exports, driven by improved productivity and export infrastructure, has r...
