Buying in the soy complex accelerated at this morning's opening and eventually took soybean futures more than 30 higher. That strength eventually spilled over into both the corn and wheat markets, driven by several factors. General Comments Markets opened Sunday evening with some follow-through buying in soybeans, which continued throughout the night on pretty good volume. Corn and wheat markets were steady. Buying in the soy complex accelerated at this morning's opening and eventually took soybean futures more than 30 higher. That strength eventually spilled over into both the corn and wheat markets. Here are some of the issues that drove today's markets:
The August weather forecast across the Corn Belt is for above-normal temperature...
What You Need to Know Today: A third U.S. border crossing (Columbus, New Mexico) has reopened to Mexican cattle imports following nearly two years of restrictions related to New World screwworm. The reopening could gradually improve feeder cattle availability, although more than 60 confi...
Yesterday, the USDA’s Agricultural Marketing Service (AMS) released a new report of negotiated cash purchases of cattle under the mandatory price report. The report included Colorado, New Mexico, Oklahoma, Texas, and Kansas. The goal of the report was to solve the confidentiality issues e...
Key Takeaways: U.S. soybean crushing began in 1911 and saw its most rapid expansion during the 1930s amid the broader agricultural and technology revolutions of the time. After peaking in the early 2000s, the soybean crushing industry went through a downturn as poor crush margins forced...
