THE OPEN May beans: 4 1/2 higher May meal: .20 lower May soyoil; 41 higher May corn: 4 1/2 higher May wheat: 6 1/4 lower The markets opened as called with oilshare pushing higher as more traders bought soyoil/sold meal. Major features included a bounce in corn, and more buying in soyoil. Corn spreads were firmer today while bean spreads were softer. The theme of the day was that of continued short-covering into the USDA report. A higher Brazilian Real vs. a weaker US dollar trade was price supportive for beans. Crude oil was "cautiously" firmer with talks slated to begin between Russia and the Saudi's on Thursday, drifting lower again by midday. SOY
The soy complex turned...
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...
