The grains complex collapsed today under slow exports, fund liquidation, and harvest pressure. Corn, soybeans, and wheat futures were sharply lower and took out recent technical support points. Cattle futures were lower as well as bulls and bears switch dominance with each passing day. Hog futures were mixed with spread trade determining trade direction. Export sales data were disappointing in this week’s report while actual shipments were above needed volumes for corn and soybeans. Consequently, the trade interpreted the data as neutral those two commodities. As per usual, the data was bearish wheat, with sales and shipments falling below their needed values.
Wall Street is higher as of this writing with the D...
What You Need to Know Today: Brazilian President Luiz Inácio Lula da Silva secured reelection on Sunday, defeating right-wing Senator Flávio Bolsonaro despite trailing in the first round of voting. The surprise victory triggered a sharp selloff in Brazilian financial market...
The 2026 midterm elections are a week from tomorrow, but early voting has been taking place for weeks. At stake is control of Congress, including the House of Representatives, where all 435 seats are contested, and the Senate, where approximately one-third of the seats are up for election. Farm...
Key Takeaways: Total U.S. crop acres (excluding hay) are forecast to expand fractionally this year due to greater oilseed crop and winter wheat plantings. One of the key drivers of this year’s crop outlook is input costs, and crops with a lower cost profile have an advantage in producers...
