The Market For the week, July soybeans rose 20 cents (1.6 percent) to 1248/bushel. The November soybean contract added 16.25 cents. U.S. soybean futures were buoyed by problems in Brazil where rains and flooding has damaged oilseed infrastructure, and reduced soybean quality. There were also rumors that China has purchased 2-6 cargoes of soybeans off the West Coast. The crush margin at $1.81 is attractive and July soymeal gained $17.70 (4.8 percent) this week to end at 386.5/ST. Soymeal is key support for the complex and the funds are perhaps net long over 100,000 contracts, the largest long since late 2023. However, they will get spanked once Argentina gets going. July soyoil lost 0.32 cents (-0.7 percent) to close out the week at 45.27/p...
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...
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