Search - Pro Farmer

Short-term trend turns bearish for soymeal futures.

Soybeans recouped Friday’s losses during overnight trade. Corn and wheat failed to sustain early buyer interest overnight and are lower this morning.

Situation in Black Sea escalates due to Russia actions

After the Bell | August 11, 2023

Access this week’s newsletter here.

Markets had a muted response to the data aside from a big jump in cotton.

USDA cut corn yield by 2.4 bu. to 175.1, while soybean yield was lowered by 1.1 bu. to 50.9 bu. per acre. Soybean ending stocks were pegged at 245 million bu., less than the avg pre-report estimate, while corn was above.

Corn and rice crops in China take a hit, a vessel carrying Polish wheat may spark EU tension and Biden calls China, “bad folks”...

Hot PPI report | USDA reports | Hurricane season | Maui wildfires | U.S./Mexico GMO corn

Light price action is expected in the grain and soy markets this morning ahead of USDA’s August crop reports.