The Market The January soybean contract managed to end the week higher after decent declines but settling at 1315.75/bushel still leaves it below the 100-day moving average of 1337/bushel. A key determinant is whether central-northern Brazil turns back wetter for the last half of December and January. Notably, with U.S. soybean ending stocks forecast at their lowest in eight years, prices are currently above $13/bushel for the remainder of the marketing year. For the week, January soymeal gained 90 cents and is valued at 405.6/ST, and January soyoil lost 0.21 cents and settled at 49.99/pound.
Speculators cut their net long position in soybeans by nearly 60 percent to 2,538 contracts. USDA’s weekly Export Sales report showed that...
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...
