May soybeans closed right at the 50-day moving average and at or near the day's lows. The next move might be whether or not the funds try to take that out tonight or tomorrow. General Comments Markets were steady most of the Sunday night session with soybeans just slightly higher, while corn and wheat were mixed. About the only market-driving news has been the truckers' strike in Brazil. The weekend news seemed more positive that it was coming to an end, but that isn't a sure deal just yet. As the day wore on, however, the market evidently believed the transportation situation there was improving. Markets turned weak and became progressively weaker right in to the close. Funds were fairly heavy sellers of corn and soybeans and, to a lesse...
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What You Need to Know Today: The Federal Reserve held interest rates steady at 3.75 to 4.0 percent Wednesday, with two officials dissenting in favor of a 25-basis-point increase. The Fed upgraded its assessment of economic growth from "solid" to "strong" but adopted a more patient approa...
Key Takeaways: Expected growth in U.S. soybean crushing capacity and output, driven by biofuel demand, will increase domestic soymeal supplies, with production growth significantly outpacing demand. WPI forecasts soymeal production increasing from 65.8 million short tons in 2026/27 to 70.5 mil...
Russian Grain Markets: 19–23 October 2026 The Russian grain market continued its recovery during the week, although prices remained volatile across regions. Wheat was notably bullish, while feed barley and corn were slower to appreciate, primarily because of weaker export demand amid logi...