technicalanalysis

Good morning Farmer Family … USDA released its October WASDE report yesterday and, as expected, was a big market movers. Soybean prices showed a 1.44% upside. Meal went home with a 2.04% gain. Soy oil lifted a 0.18% by the close. However the report didn’t prove as helpful for corn and wheat prices, as corn

WASHINGTON – October 12, 2022 According to the US Department of Agriculture, the outlook for 2022/23 U.S. wheat this month is for lower supplies, domestic use, export, and stocks. Supplies are reduced on lower 2022/23 production based on the NASS Small Grains Summary that indicated reductions in both harvested area and yield. This lowered production

Good morning Farmer Family … US farm markets were mixed but mostly lower yesterday.  Corn prices traded mostly lower, with the market settling 0.75% in the red. Soybean stayed firm through the session, closing just 0.16% higher.  Meal prices worked both sides of the market but ultimaltely ended the day with a 0.07% gain.  Soy oil