WASDE Key Points Everything in oilseeds world goes higher:
Global oilseed production at 647 MMT (+8 percent). Global soymeal production (4.25 percent) and exports (3.08 percent). Global soyoil production (3.9 percent) and exports (4 percent). U.S. soybean ending stocks (32 percent) and global soybean ending stocks (16.8 percent) both rise though stocks-to-use ratios remain relatively tight. China drives most of the increase in demand, and Brazil provides half the increase in supply. South American production will rebound in 2023, with Brazil producing 146 MMT, a 19.5 percent increase on 2.8 percent more area. Brazil accounts for half the global increase in soybean production. Argentina will produce 51 MMT, versus 42 MMT in 2021/22...
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...
