The Market The switch in early August to more promising weather for U.S. soybeans has now turned back hot and dry with reasonable impacts on prices. For the week, November soybeans gained 2.5 percent, but December soymeal added 6.6 percent. Soyoil got left out of the small rally and declined 1.15 percent. Soymeal is likely to continue having fun as a byproduct of renewable diesel production, it will be priced to move on global markets.
Global oilseed prices rose in July and the Chicago December soybean contract is up over 3 percent at this point in August. Demand is stagnant but adverse U.S. production impacts are expected from a hot and dry summer. ICE canola prices are down despite stress in Canadian production areas. Sunoil pri...
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...
