USDA issued its 1 November report on grains and soybeans crushed during the month of September and, no surprise, the numbers were lower. Grain crushed for fuel alcohol in September was down 12 percent from August while non-fuel products from wet mill plants was down 1.6 percent. Even beverage alcohol production was lower, though there was higher output than in September a year ago. Soybean crush was down 9.2 percent in September, with a resulting decline in both oil and meal produced, and oil and meal stored. The declines were across the board relative to September 2018. The data was released after the market closed and so it will be pondered over the weekend and be reflected in Monday’s market.
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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...
