THE OPEN November beans: 1/4 higher Deceme meal: 2.00 lower December soyoil: 72 higher December corn: 3 1/2 lower December wheat: 6 1/2 lower It was a bit of turn-around Tuesday as bean prices put in a reversal trade from the lows. Of note was an adjustment in recent buy grains/sell soy trade and buy corn/sell beans. Beans followed the sharply higher rally in soyoil on the back of surging crude oil prices and canola, which created a short-covering rally. Energy was a key component today for soy complex trade. SOY
The feature of the day was that of surging oilshare on the back of climbing crude oil and higher palm prices. Dec. oil share trades up to new highs at 48.80% whi...
What You Need to Know Today: Oil prices moved higher early Monday before giving back some of their gains after drone attacks forced the shutdown of Saudi Arabia’s East-West Pipeline, a critical route for bypassing constrained shipping through the Strait of Hormuz. The disruption puts rou...
Key Takeaways: Expected returns to production for U.S. cow-calf producers have shifted lower from prior forecasts as cattle values fall and feed costs rise. Producer revenues are forecast 1 percent below our August outlook and will be 1.2 percent below 2025 levels. Feed costs have lessen...
The Senate will reconvene today after a late August recess and will adjourn in early October, in about 3 to 4 weeks. The farm bill will move front and center on the agenda. A major fly-in is scheduled for today and Tuesday, with the goal of hitting all Senate offices. Groups participating in th...
