News
White House to host BIF signing ceremony | Biden/Xi to hold virtual summit this evening
Recent price strength has also turn the short-term trend up for soybean meal and intermediate trend sideways.
The strength in soymeal failed to trigger overnight buying in soybean or corn futures.
Focus on CBO scoring and Sen. Manchin re: fate of Build Back Better package
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Grain futures seen slightly lower as dollar strengthens, export sales meet expectations, soybeans firmer.
La Niña strengthens, will persist longer than previously thought
Export sales for all three were within expectations, with corn sales of nearly 1.1 MMT and soybean sales of almost 1.3 MMT.
After the Bell | November 11, 2021 SRW wheat futures post nine-year high as global supplies tighten, soybeans firmer, corn mostly lower.
Two-sided price action was seen in corn and wheat futures overnight, while soybeans were firmer for much of the session, but all three are weaker this morning.
Comments lead to chatter that RFS announcements may be finally coming
Oklahoma saw the most drought improvement, with coverage in the state declining five percentage points over the past week.
Ethanol prices surge above $3, more than double last year’s level.
USDA announces faster line-speed trial program for nine pork plants; eyes remand of poultry line speed waivers
Ahead of the Open | November 11, 2021 Grain, soybean futures seen narrowly mixed as trade awaits USDA export sales.
Government offices are closed for the federal Veterans Day holiday. Markets are open.
Soybean basis firmed 6 1/4 cents over the past week to a penny above January futures.
After the Bell | November 10, 2021 Wheat futures rally to multi-year highs on shrinking global supply outlook, corn, soybeans also higher.
The surge in consumer prices came a day after data showed producer prices also jumped sharply in October.
Fines against idling containers is easing the backlog at the Port of Long Beach, Beijing signals willingness to cool tensions with the U.S. and USDA raised its 2021 cash steer price forecast...