THE OPEN July beans: 11 higher July meal: stray July soyoil: 140 pts higher July corn: 1 lower July wheat: 2 3/4 higher Big swings continue with the morning features of higher oilshare, higher beans, and lower grains led by corn. July open interest continues to come out of the market with the official roll starting on the 6th. Spreads are weaker as the bean basis is lower and new buying comes into new crop contracts. SOY
The major feature of the morning was that of higher oilshare with traders continuing to buy soyoil/sell meal on stories that back both. The biofuels story continues to attract soyoil buyers while the meal basis continues to weaken. July/Dec meal works into a ca...
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...
