.S. soybean supplies at the end of MY 2019/20 could exceed a record 1 billion bushels. However, the following factors could change that outlook:
A steep reduction in U.S. plantings coupled with a yield problem A continuation and worsening of the dry weather across Brazil A quick end to the China trade dispute and a corresponding sharp increase in U.S. soybean exports to that country
The table below is our first glance at the potential U.S. soybean balance sheet for that marketing year, which includes several key elements. First, there is a 2.1-million-acre reduction from 2018, although some analysts think the decrease could reach 4 million acres. Our hesitance to cut acres that much is based on soybeans’ general profitability...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
