SPREADS Jan crush weakens to 1.11c/bu while oilshare is firm at 32.0%. Corn spreads are mixed as Dec/March narrows back into 9 1/2c from 10c lows, with some buying interest after the Goldman Roll in comlete. Dec/Dec corn inverse trades from 6 1/2c down to 3 3/4c. Dec/March wheat trades from 8 3/4c carry to 9c. November beans expires at noon today, with the Nov/Jan spread having moved out to a 10 1/2c carry from what was an inverse. Weakness spills into Jan/March inverse values, which are firmer trading from 3/4c to 1c, also finding some buying interest at these lows. Dec/March meal trades from $4.70 inverse find interest at the low of $4.70 with trade up to $5.00. PALM OIL Palm oil closes slightly lowe...
Accountability and a comprehensive approach to export programming
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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...