Prices Soybeans and coproducts futures prices closed out this week with lower prices: November Soybeans: -50.25 cents to end at 1404/bushel December Soymeal: -$19.40 to end at 402.30/ST December Soyoil: -2.27 cents to end at 65.70/pound
Quality The week started with USDA’s Crop Progress report categorizing 58 percent of the soybean crop in the Good/Excellent categories, down one percent from a week earlier but one percent higher than a year ago. Blooming is back on track and nearly complete with budding slightly behind average.
Exports Sales USDA’s weekly Export Sales report reflected net sales gains for old crop soybeans versus the cancellations of the recent few weeks. China revealed itself as the buyer of 80,800 M...
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...
