A rally in crude oil and rumors of Chinese crushers needing to book soybeans and soyoil helped the CBOT open firmer. Corn and soybeans traded higher for the day while wheat continued to post losses as traders bear spread that commodity against corn and soybeans. Soyoil/soymeal bear spread were also a theme of today’s trade. Volumes at the CBOT were light as funds appear to be more interested in trading the crude oil/equity rally than the bear market in ags. Farmers made solid progress planting spring crops last week, despite unfavorable weather this weekend. The corn and soybean crops are ahead of schedule while cold, rainy weather across the northwestern U.S. hampers spring wheat planting.
The weekly Export Inspection...
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...
