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: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
On Friday, at 6:57 AM, President Donald Trump announced, via a social media post, a 90-day window during which up to 300,000 metric tons of product for ground beef could be imported outside of tariff-rate quotas—a move aimed at bringing down costs for American consumers. This is the secon...
