The Market Rains in South America provided overall downward pressure in oilseeds this week. At the same time, there is damage that has been done as the Buenos Aires Grain Exchange pegged the Argentine soybean crop at 12 percent Good/Excellent, a decline from 19 percent a week ago. There remains adequate U.S. domestic demand and persistent bull spreading in soymeal reveals strong commercial demand. Consequently, January soybeans wobbled but ended the week down just a penny (-0.068 percent), March soyoil gained 1.29 cents (2 percent) and March soymeal lost $8.90 (-1.9 percent).
Thus far in December, the spot contract for corn is up 0.7 percent while the spot soybean contract has risen 3 percent. This has made the gap closer for soybeans i...
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...
