Crop Progress USDA’s Crop Progress report lowered the share of soybeans in the combined Good/Excellent category by one point to 57 percent, but that is still one percent higher than last year. Meanwhile, the crop is just about fully bloomed, and pod setting has almost caught up to the recent average.
Soybean Prices Except for the mid-week slump, it was a relatively bullish week for soybean futures considering the good condition of the crop and now favorable rains in the Midwest. The ProFarmer crop tour saw less corn than in USDA reports but concluded that USDA’s estimate of 4.531 million bushels of production was too low by a few thousand bushels. For the week, November soybeans added 57.25 cents, December meal added $26.20...
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...
