The Market There were notable price movements the past few days despite it being a holiday abbreviated trading week. November soybeans gained 37.25 cents in just the past two days and the July soybean contract added 15.25 cents for the week despite taking a sharp loss on Tuesday. Soyoil lost its key driver of rapidly expanding renewable diesel demand but added value this week on rising vegetable prices globally, and a jump in regular diesel prices. Soymeal shed value amidst ongoing concern in the pork and beef sectors.
This has been a generally firming week of trade, but speculators increased their net short position in soybeans by more than 100 percent to 10,960 contracts in the week to 30 May. USDA’s Drought Monitor shows...
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...
