GOOD MORNING, Funds were sellers yesterday, figuring the market has met some key upside objectives, but the markets are not giving back much this morning. All have traded both sides of unchanged. Export sales and ethanol still remain negative for corn, but the tighter stocks number Monday negated some of that bearishness. Still, funds probably hold an estimated 100K short in corn. Beans are mixed but meetings between China/US are to take place this month on the 10th, same day as the USDA October report, creating more unknowns for a bean bear. Beans stocks are ample, but the trend has seen tightening. Wheat prices move around following the path of Minneapolis, which fell to new lows yesterday with a long drop of 30c off its highs. As to Chi...
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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