The Market The soy complex lost value this week but the overall trend remains up. In fact, November soybeans almost moved over $14/bushel early this week. The contract remains well above major support at 1347/bushel. Demand is strong at the same time intense dry heat is threatening to push average yield below 50 bushels/acre, which would net the smallest soybean crop in four years. For the week, November soybeans lost 18.5 cents or 1.3 percent; December soymeal gave up $15.40 or 3.7 percent; and December soyoil lost a fraction (0.11 percent).
Soybean speculators increased their net long position by 109 percent to 53,949 contracts. Soyoil being used to make diesel fuel remains a key driver. The U.S. Department of Energy reported t...
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...
