Overnight trade produced mixed results for grain and soy prices. Soybeans were down, winter wheat was up slightly, and corn was about unchanged after December corn hit a new contract low of $3.355. Trading volume was no better than average. Prices firmed somewhat early during the day session, and corn and winter wheat prices stayed that way through the close. However, soybeans slipped below yesterday’s closes to finish down by small fractions. Soymeal did close $1.00-1.50 higher, but soyoil finished with a small loss of 4-7 points. As was the case Monday and Tuesday, much of the focus was on liquidation of positions in December contracts that will have first delivery intentions posted tomorrow (30 November). In Tuesday’s trade,...
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...
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Accountability and a comprehensive approach to export programming
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