THE OPEN Jan beans: 4 lower Dec meal: 2.10 lower Dec soyoil: 12 lower Dec corn: 2 1/2 lower Dec wheat: 4 3/4 lower Prices buckled under the pressure of weaker cash markets, no business announcements, and profit-taking. Chartists were keeping an eye out on key support levels which found stops in corn, beans, and meal. Meal prices caved further as traders continued to buy soyoil/sell meal. Today marks the final day of the Goldman roll for December futures. SOY
The soy complex started the day lower and then entered into deeper losses on technical follow-through as first support levels were violated. Jan beans traded under key support at $11.45 which paved the way for lower t...
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...
