THE OPEN May beans: 11 3/4 lower May meal: 1.00 lower May soyoil: 82 lower May corn: 5 lower May wheat: 8 3/4 low The markets opened as expected with meal prices turning higher on the day as traders booked profits on oilshare. Soyoil charts traded downward as multiple support levels were violated, which helped alleviate overbot signals. Macros were weaker with crude oil getting hit, which seemed to drag on most of the commodity markets today, resulting in an across-the-board commodity fund selling event. As is typical, where crude goes other markets will follow. Outside macro events included continued unwinding of previous buy energy/sell US currency trade. SOY
The...
The corn and soy complex closed higher, with the wheat market mixed, as winter wheat closed up but spring wheat and livestock ended lower. Part of the strength for corn and soybeans may have been a weather premium, as crop planting has started out fast but warm weather has been slow to develop...
Real GDP grew at a 2 percent annual rate in the first quarter of 2026, slightly below the consensus expectation of 2.3 percent but above the 0.5 percent growth in Q4 2025. The GDP number matches the average annualized pace of growth since the peak back in late 2007, right before the Financial P...
Reflect for a moment on what you eat. There is a lot of advice out there in the ether about what you should eat, but really, what do you currently eat and how much? The good people at the USDA have some data for you, to help you answer that question. USDA says that we eat quite a bit of meat. L...
