Today’s lower-than-expected grain and soybean stocks may temper the bears’ enthusiasm. By the same token, however, bulls will have great difficulty using them to build their case. General Comments USDA’s stocks and small grains reports were sort of a mixed bag in terms of how they fit with expectations. Following is a summary of the numbers:Not surprisingly, USDA reduced the 2014/15 U.S soybean production by 42 million bushels to 3.93 billion and lowered the national average yield by 0.3 bushels/acre to 47.5 bushels/acre. This helps account for the lower-than-expected ending soybean stocks.All of the stocks came in somewhat below trade expectations with wheat showing the biggest difference. Yet, all of this year’s 1 September stocks are m...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
Key Takeaways: With the fall calf run now upon us, producers are finally getting a glimpse of what their realized profits will be for 2026. Some producers may have already obtained a strong estimate of 2026 revenues, especially if calves were forward sold in, for example, the mid-summer...
As fall begins, wild migratory birds are starting their seasonal migration. That has the industry and government officials worried about the potential spread, again, of highly pathogenic avian influenza (HPAI). Some members of Congress have called for the United States to be prepared for a pote...
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Accountability and a comprehensive approach to export programming
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