THE OPEN November beans: 6 higher December meal: 3.50 higher December soyoil: 4 higher December corn: 1 higher December wheat: 1 1/2 lower Prices opened as expected with wheat prices heading lower while beans and meal traded higher on the day. Meal gained on soyoil as more Chinese bean business announcements were made. Corn held steady against a weaker trending wheat market. Volumes were relatively light, with most of the markets remaining well bid except for wheat. Funds were net buyers on the day on the back of still strong technicals, adding back overall length. Corn sees continued strength as traders assess how aggressive China will be in purchasing US origin. SOY
The soy c...
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...