Soybeans and soyoil opened in the green and stayed that way all session, setting new contract highs in soyoil and November beans. Corn opened higher but quickly turned south with a closing loss of 1.75 cents. Wheat was in the hole all day as trading on Wednesday and Thursday’s losses looked almost like the mirror opposites of the gains on Monday and Tuesday.
The sour mood in the wheat pit contrasted with the morning’s USDA Export Sales report that showed wheat numbers at their best for the year. In fact, the overall report looked better than guessed by the trade with impressive shipments of soybeans and corn sales at a six-week high. Net sales of wheat for 2021/22 were at a marketing year high. Corn and soybean sales we...
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...
