The Market Soybeans had been rebounding from last Friday’s new contract low but news from the Pro Farmer crop tour of seeing record high pod counts caused a 20-cent plunge today in the November contract. Not only has the weather been sublime but pressure from pests and weeds are reportedly minimal. This despite four straight days of flash sales to China and over all new crop sales reflecting the benefits of being the lowest priced world supplier. Technically, November soybeans are still trading higher for the week but that is unlikely to last under the prospect of a record crop.
Both export and domestic crush demand are strong with crush margins estimated at between $2.40 and $2.60/bushel. Trading volume in soymeal and soyoil is l...
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...
