Key Takeaways:
WPI’s forecasts call for physical U.S. soybean crushing margins to weaken over the next four months and average $4.44/bushel by late February, while CBOT futures margins should rise modestly to about $2.40/bushel. A key catalyst for this is the expectation that U.S. soyoil values will ease about 1 percent over the next four months, with Iowa prices ranging from 64–66 cents/lb on weaker energy markets. Iowa soymeal values will remain largely steady but should peak near $350/ST around the New Year before easing as pre-EUDR buying subsides. U.S. cash soybean prices are expected to see a steady grind higher over the next 16 weeks and rise 4 percent by late February. Forecast models predict greater upside potent...
What You Need to Know Today: Market attention is shifting toward Tuesday’s USDA WASDE report, with analysts anticipating a modest reduction in U.S. corn production estimates and an increase in soybean production. The report could provide fresh direction for grain markets as traders reass...
Regional News Black Sea trade dynamics remain central to European wheat and corn pricing, with the reported 26 percent increase in Ukraine’s October grain shipments adding pressure to markets. Concurrently, markets are waiting for the scheduled trilateral peace talks between the U.S...
The election is over – for the most part. Counting is still underway in some states, including Alaska, where a ranked-choice voting system is in place for the Senate race, and Mississippi, as well as in some House districts. But as of now, Democrats have secured at least 54 Senate seats,...
