Soybean futures were down as much as 20-22 cents at mid-morning, and that weakness in the soy complex kept wheat lower all day. Meanwhile, corn was very resilient and traded 1-3 higher much of the session. General Comments Markets started the Sunday evening session slightly firmer, but that better start didn’t last more than 20-30 minutes before selling started to show in the soy complex. That selling persisted throughout the night and accelerated at this morning’s opening. Soybean futures were down as much as 20-22 cents at mid-morning, and that weakness in the soy complex kept wheat lower all day. Meanwhile, corn was very resilient and traded 1-3 higher much of the session. Weather across the Corn Belt generally looks very good.USDA ann...
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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...