THE OPEN January beans: 6 higher December meal: 3.00 higher December soyoil: 40 higher December corn: 1/2 higher December wheat: 6 higher The markets opened as expected with new highs in several markets but noted profit-taking as well on overbought levels. Wheat and meal prices were the key markets to see back and forth trade. Bean prices remained firm on breaks, with traders hoping to see lower levels in which to cover shorts or try the long side. Bean and corn basis remains firm as producers continue to scale-up sell as prices head higher. Funds returned as buyers at the open as technicals continue to throw off positive trading signals. SOY
Meal prices...
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...