GOOD MORNING, Prices are mostly lower this morning as the markets rallied high enough to draw some profit-taking from the bull as the week draws to a close. Funds who are short may adopt a wait and see attitude, particularly as far as the Chinese shopping list goes. As corn and beans neared new highs for recent ranges there were more reports of hedging interest and cash sales in beans over the last several weeks. Beans have been gaining on corn, as they are apt to do in the month of December, but today the spread has turned a bit as profit-taking in beans sends prices lower. The new bean/corn ratio hit new highs at 2.42, a situation that typically reverses as the calendar turns over from Dec 19 to...
What You Need to Know Today: Crude oil prices extended their rally today, supported by several developments, including escalating Houthi attacks on Saudi Arabian oil infrastructure and growing concerns about supply disruptions. The Trump administration is reportedly preparing to remove 50 perc...
Key Takeaways: The agricultural trade surplus has become a sizable deficit: the balance swung from a $40.1 billion surplus in 2011 to a $40.7 billion deficit in 2025. Imports kept growing while exports lost momentum: between 2020 and 2025, agricultural imports increased 45 percent, compa...
USDA released its October Cattle on Feed report Friday, showing 11.4 million cattle in feedlots with capacity for 1,000 head or more, slightly below last year. September placements were the lowest for the month since records began in 1996, marking the third consecutive month of placements sett...
Regional News Dry weather across the UK and Europe is becoming increasingly concerning for the 2027 crops as planting intentions are lowered amid dry soil conditions. Delayed sowing or establishment under adverse conditions could leave crops more vulnerable to frost/freeze events and dise...
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Illuminating the value of technical research
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