It was a unique trading day amidst the caution surrounding the lack of fresh influences. Unique in that trading ranges for corn and soybeans were unusually small. Soybeans average approximately 50-cent daily swings, but the November contract only saw a 13.5 cent trading range today. December corn started the day with a 3.25 cent loss and then hovered around zero all session. Trading volumes were below the week’s average for everything except Euronext wheat where there was a scramble to address a tighter supply and quality concerns.
However, the larger anomaly was the 21.5 cent gain in September soybeans and 1.5 cent gain in September corn as the deferred contracts otherwise all took losses. In essence, old crop supplies are perhaps...
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...
