THE OPEN Jan beans: 15 1/2 higher Dec meal: 5.20 higher Dec soyoil: 18 higher Dec corn: 3 1/4 higher Dec wheat: 2 1/2 higher The markets opened higher but a collapse in soyoil prices led to a round of profit-taking elsewhere on the board, setting a stage for a badly needed market pullback if only to alleviate overbought extremes. Corn prices fell into good scale down commercial pricing interest along with meal. SOY
The soyoil market opened higher but it was not a convincing move and weaker overnight palm and crude oil set the stage for profit-taking. Dec. soyoil prices dropped below 39c which triggered sell-stops and a test close to 38c once again. Meal prices were...
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...
