THE OPEN January beans: 6 1/2 higher December meal: 1.40 higher December soyoil: 32 higher December corn: 3 1/4 higher December wheat: 6 higher The markets opened higher as expected but profit-taking was noted for the soy complex and grains heading into another mostly clear harvest weekend. Disappointing export sales for corn were also a reason to book profits. Increased movement was noted as prices hit new target highs. Buy grains/sell soy trade was noted, with some bottom picking in soyoil as it traded back towards recent chart lows. SOY
The main feature in the market was that of new contract highs in meal, but morning prices were met with weekend liquidation and...
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...