World Perspectives

Market Commentary: Soybeans Slide Despite Renewed Chinese Buying as Crush Disappoints

What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...

Today’s Top insights
feed-grains soy-oilseeds wheat

Summary of Futures

Dec 26 Corn closed at $4.78/bushel, down $0.0275 from yesterday's close.  Dec 26 Wheat closed at $6.7/bushel, down $0.0325 from yesterday's close.  Nov 26 Soybeans closed at $12.63/bushel, down $0.1425 from yesterday's close.  Dec 26 Soymeal closed at $359.8/short ton, down $4.7...

livestock

Livestock Round Up

The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...

livestock

The Tale of Two Dairies under FMMO

Key Takeaways: Texas illustrates the assumptions underlying the 2025 FMMO reform; Idaho exposes their limitations. The Southwest order blend (roughly 27 percent Class I, 32 percent Class III and 31 percent Class IV) exposes Texas producers to every lever USDA adjusted, with a near-neutral proj...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 26 Corn closed at $4.78/bushel, down $0.0275 from yesterday's close.  Dec 26 Wheat closed at $6.7/bushel, down $0.0325 from yesterday's close.  Nov 26 Soybeans closed at $12.63/bushel, down $0.1425 from yesterday's close.  Dec 26 Soymeal closed at $359.8/short ton, down $4.7...

livestock

Livestock Round Up

The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...

livestock

The Tale of Two Dairies under FMMO

Key Takeaways: Texas illustrates the assumptions underlying the 2025 FMMO reform; Idaho exposes their limitations. The Southwest order blend (roughly 27 percent Class I, 32 percent Class III and 31 percent Class IV) exposes Texas producers to every lever USDA adjusted, with a near-neutral proj...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 26 Corn closed at $4.8075/bushel, down $0.02 from yesterday's close.  Dec 26 Wheat closed at $6.7325/bushel, up $0.04 from yesterday's close.  Nov 26 Soybeans closed at $12.7725/bushel, down $0.065 from yesterday's close.  Dec 26 Soymeal closed at $364.5/short ton, up $1.3 fr...

Transportation Perspectives - 15 October

Key Takeaways: Dry bulk markets remain mixed with Capesize vessels seeing continued pressure from weaker demand while fixtures and rate strength gradually increases towards the smaller vessel classes.  Tanker markets are pulling back from their recent highs as tonnage moves out of the Mid...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 26 Corn closed at $4.8075/bushel, down $0.02 from yesterday's close.  Dec 26 Wheat closed at $6.7325/bushel, up $0.04 from yesterday's close.  Nov 26 Soybeans closed at $12.7725/bushel, down $0.065 from yesterday's close.  Dec 26 Soymeal closed at $364.5/short ton, up $1.3 fr...

feed-grains soy-oilseeds wheat

Market Commentary: A Strong Dollar & A Short Fuse

Inflation is back in the driver’s seat, and agriculture is getting pulled in two directions. A stronger dollar is pressuring grains despite fresh Chinese buying, while renewed Middle East attacks lift crude oil. Higher energy prices can support commodities, but they also raise expenses an...

feed-grains soy-oilseeds wheat

European Market Analysis

Regional News  European grocery stores have been targeted by cybersecurity attacks this week, with major retailers in France and the Netherlands affected. In France, major grocers, including Carrefour, Intermarché, and Coopérative U, all suffered attacks in which freezer and...

soy-oilseeds biofuel

EPA Proposes Two Options for Reallocation of SRE RINs

Key Takeaways: The EPA has proposed reallocating 770 million RINs associated with Small Refinery Exemptions (SREs), either splitting the volume equally between 2026 and 2027 or assigning the full amount to 2027. The agency granted exemptions covering 1.76 billion RINs for 2025, substantially e...

feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grain Markets: 5–9 October 2026 During the week in review Russian grain market remained relatively stable. The market finally realized that Black Sea trade may not resume soon so most of the trade calculations were done in the direction of Baltic Sea, Caspian Sea, Barents Sea and...

feed-grains soy-oilseeds wheat

Market Commentary: Conflicting Ideas Abound

What You Need to Know Today: China’s state-run COFCO, in statements on Tuesday, implied that U.S. corn exports were currently uneconomical but hinted that the Middle Kingdom would import 3.5 MMT of the feed grain this year, with 1 MMT likely sourced from the U.S. Another drone attack has...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 26 Corn closed at $4.8275/bushel, down $0.0025 from yesterday's close.  Dec 26 Wheat closed at $6.6925/bushel, down $0.03 from yesterday's close.  Nov 26 Soybeans closed at $12.8375/bushel, down $0.04 from yesterday's close.  Dec 26 Soymeal closed at $363.2/short ton, down $5...

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