THE OPEN Jan beans: 11 higher Dec meal: 2.90 higher Dec soyoi: 61 higher Dec corn: 2 3/4 higher Dec wheat: 2 1/2 higher The markets opened higher with beans and soyoil place new contract highs. Oilshare is higher as well as traders buy soyoil/sell meal. Buy beans/sell wheat trade continues as a fan favorite trade as stocks-to-use ratio remains tight for the first and generous for the latter. Upward pressure continues in beans as they head into ration mode as exports will draw-down stocks. Beans and soyoil prices are also extremely overbought, suggesting that a pullback is needed to clean house at some point. SOY
The open continued to accelerate Jan beans to new contract h...
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...
