The bearishness continues as South America crops loom and Northern Hemisphere weather is stable. The impending flood of Argentine soymeal and soyoil onto the market sent the May soyoil contract to a new low.
There was nothing in today’s weekly USDA Export Sales report to alter the outlook. Wheat sales were down, as expected, and while down 2 percent year-on-year, they are above USDA’s trend forecast. New soybean and corn commitments were middling – though above the previous week. Per the above, buyers of meal and oil are expecting better pricing ahead.
Recent dampness in the Central and Southern Plains skipped the Southwest. Showers in the U.S. Northern Plains will be replaced by cold air. Canada&rsqu...
What You Need to Know Today: Markets got a surprise with a corn yield of 181.2 bushels/acre in the October WASDE, above the average estimate of 177.6 bushels/acre and up from USDA’s September estimate of 178.5 bushels/acre. Although stronger demand is expected to absorb some of the addit...
Key Takeaways: On Friday afternoon, President Trump announced that Russia will “immediately supply over 300,000 Tons of Diesel Fuel” to the United States. The deal, typical of this administration, is light on details but promises an additional 500,000 tons in November and 1 m...
The USDA has lowered its 2026 red meat production forecasts slightly while forecasting a slight increase in broiler production. Beef is now projected at 24.802 billion pounds, 75 million pounds less than in September. Cow slaughter is expected to be up; however, this will be offset by lower ste...
