The Market Soybeans were fighting their way back to breakeven for the week until USDA issued its quarterly stocks report midday and showed more product on the books than anyone expected. Mind you, stocks to use is still very tight but suddenly there is 13 percent more beans than expected and Chicago made a neck-breaking reversal. Instead of trading 15 cents higher it plunged 32 cents to make the net loss on the week 47 cents.
For the week, the complex dropped 3-4 percent in value and is exposed to further softening. November soybeans lost 61 cents (-4.2 percent), December soymeal lost $4.20 (-4.7 percent), and December soyoil lost 2.3 cents (-3.3 percent).
China wants to reduce imports and Brazil is more competitive, but China still...
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...
