Supply While the global supply of oilseeds and products is tight, it could get tighter or looser. The least likely factor to reduce demand and thus loosen supply constraints is Omicron. While pandemic specialists are still trying to figure out the direction of this version of the bug, markets have become experienced and there wasn’t much impact when COVID first arrived. The reduction in the growth in global soyoil and soymeal demand occurred before COVID hit. The biggest impact from COVID has been where and how food is consumed, not in sudden food rationing.
This week’s NOPA report showed a slightly lower U.S. crush, and a decline in soyoil stocks, the first such drop in five months. Plants decided to clear some invent...
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...
