THE OPEN January beans: 12 12 higher Dec meal: 2.00 higher Dec soyoil: 58 higher Dec corn: 3 higher Dec wheat: 4 higher The markets opened firmer and continued to tack on gains as higher macros helped to create an across-the-board day of buying and short-covering. Crude was higher with a continuing weaker US dollar. Buy soyoil/sell meal, and buy beans/sell wheat trade were fan favorites. SOY
The major feature in the soy complex was that of higher bean trade, with oilshare prices firming on the open. December meal prices slip back towards key support at $375.00, making the chart more vulnerable to a further sell-off. Oilshare rebounds sharply as traders...
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...
