What You Need to Know Today:
Grain markets were sharply higher overnight and through the day session as the concerning wet weather pattern persists over the Midwest. Grain traders – and soybean market players in particular – will be closely parsing both what is said and unsaid from this Thursday’s meeting between Presidents Trump and Xi. Global leaders are meeting in New York this week for the U.N. General Assembly with the wars in Ukraine and Iran slated to be the hot topics. Russia said it is working closely with Turkey to ensure safety for its Black Sea shipping routes, confirming reports from the prior week that Turkey had sent a proposal to Moscow. Separately, Russian firms are converting export terminals on the Balt...
What You Need to Know Today: USDA cut the 2026 corn yield forecast by 1.6 BPA to 179.6, shaving 141 Mbu off the crop. Corn ending stocks were cut by 91 Mbu to a level that pushed the ending stocks-to-use (ESU) ratio to 10.8 percent. Conversely, USDA raised the soybean yield forecast 0.2 BPA to...
Key Takeaways: Expanding U.S. soybean crushing capacity is strengthening domestic demand, driven largely by growing soyoil consumption from the renewable diesel and biofuels industries. Despite increased domestic processing, substantial quantities of U.S. soybeans are expected to remain availa...
