Futures Market While today’s trading session was a bit of a recovery it still left the week with overall declines for soybeans and soy products. A lot of it is due to spillover effects from macro markets focused on the potential of the Fed pushing the country into a recession to kill inflation. Soy traders are specifically watching China and its relative demand. However, China remains active in the market, buying 167 KMT of U.S. soybeans this week and likely was involved in 396 KMT in sales listed to unknown.
Export Sales We would know more except FAS botched the changeover to a new Export Sales reporting system and the market is in the dark until later this month. Some note the irony that it is about the only report USDA issues...
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...
