The Market With the September WASDE fully absorbed, the trade turned its attention to central banks boosting interest rates to crush inflation but at the same time risking a recession. November soybeans closed out the trading week by losing 22.75 cents, December soyoil was off 2.28 cents, and December meal advanced by a modest $1.60/ST.
U.S. Soybean Conditions The weekly NASS Crop Progress report showed 55 percent of the soybean crop rated Good/Excellent, that is down one point from a week ago and less than the 58 percent in the category this time a year ago. Meanwhile, harvesting of the crop has begun.
Export Sales USDA’s weekly announcement of the prior week’s export sales brought disappointment relative to expe...
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...
