The Market Tuesday’s USDA WASDE report took a toll on soybeans. There was an attempted reversal in trading the next two-days, but today’s market action sealed the week with the November soybean contract losing 1.66 percent in value. December soymeal lost 2.31 percent of value this week but December soyoil added 2.57 percent.
Speculators reduced their net long position in soybeans by 13.1 percent to 40,697 contracts. USDA’s Export Sales report showed record soymeal demand – almost 455 KMT and primarily for unknown destinations. New soybean commitments were at the lower end and soyoil only had washouts.
Soybean export inspections by USDA last week were at the bottom end of expectations and are now down 21...
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...
