China Shifting to Sourcing Soybeans from Brazil Despite Slow Harvest As expected, Chinese soybean processors have begun shifting their sourcing of soybeans from the U.S. to Brazil. One source indicated today there was only one ship in the Gulf waiting to load U.S. soybeans with four in the PNW to do the same. The problem for China is that the soybean harvested in Brazil is far behind the pace of a year ago. At the end of last week, only 9 percent of Brazil’s soybeans had been harvested. That compares with 24 percent a year ago and the average in past years of 20 percent according to AgRural. Because of the slow harvest there have been relatively little soybeans loaded at Brazilian export terminals. At some ports, no soybeans a...
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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Illuminating the value of technical research
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