What You Need to Know Today:
Headlines emerging from negotiations between President Trump and President Xi were relatively limited, with a more substantive announcement expected Monday. U.S. Trade Representative Jamieson Greer indicated that additional details related to agricultural trade could be included in the forthcoming announcement. Iran has proposed reopening the Strait of Hormuz and restarting nuclear talks with the U.S. within seven days if Washington agrees to conditions based on the previously collapsed June ceasefire agreement. Talk of a potential U.S. diesel export ban has widened WTI's discount to Brent to as much as $12/barrel, as traders weigh the possibility that export restrictions could leave excess diesel in the domest...
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...
