The Market Despite worries about used cooking oil imports, slow exports, and a drop in the NOPA crush, July soybeans closed the week up 9 cents (0.73 percent) at 1228/bushel. Traders must have Brazilian flooding on their minds. However, the November contract lost 2.5 cents (-0.18 percent) to end at 1203.25/bushel. July soymeal gave up 3.10 (-0.83 percent) and is valued at 368.8/ST. July soyoil goes into the weekend at 45.27/pound, a gain of 0.83 cents (1.8 percent). Palm oil saw a 2.26 percent gain on the week and is now worth 3,890 ringgits ($830.31)/MT. July canola dropped 0.18 percent to 662.4/MT.
Funds begin Thursday trade holding an estimated short in soybeans of just 51,000 contracts, along with a bean oil 66,000-contract short,...
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...
