Fund short covering produced another bounce higher in soybean futures while the corn market traded both sides of unchanged. Wheat futures saw selling pressure for the second consecutive day while cattle markets saw aggressive buying at midday. The hog markets moved slightly lower on profit taking. Wall Street is lower as of this writing with the S&P 500 and the Dow falling back from intraday highs after the Fed signaled it would increase interest rates a quarter-percent. The dollar is up fractionally while gold and copper, along with crude oil, are lower.
Corn December corn closed ¾ cents lower in quiet trading. The contract held above the downtrend line in place since late May, but today’s lack of trading...
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...
