THE OPEN Jan beans: 19 1/2 lower Dec meal: 10.60 lower Dec soyoil: 79 lower Dec corn: 12 lower Dec wheat: 12 3/4 lower The markets started a much-needed correction to the downside on a macro risk-off day of selling pressure, which also brought about a higher US dollar. Charts were a bit more on the negative side with small reversal patterns showing which prompted long liquidation, and the start of correcting extremely overbought conditions. The mission of the market now is to define an appropriate trading ranges from the top. SOY
The soy complex traded lower on the day as technical profit-taking took place in order to correct extreme overbought conditions. End-users helpe...
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...
