THE OPEN November beans: 2 lower December meal: .40 lower December soyoil: 14 lower December corn: 1 1/2 higher September wheat: 4 1/2 higher The markets opened as expected with more short-covering in grains and profit-taking in oilshare. Traders were unwinding previous buy soyoil/sell meal, and buy corn/sell wheat. Corn shorts were certainly not panicking as prices traded into key resistance, with all the markets entering into a consolidation phase of trade into tomorrow's August 12 WASDE. SOY
The major feature in the soy complex was that of more profit-taking in oilshare generated by technical signals. A key reversal presented as a friendly tech signal in meal, wh...
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...
