It was a quiet session (December corn contract volume was down 55 percent from the five-day average) in an early close before a long weekend as some profit was taken off the table, but there are still things to talk about.
Economists polled by Reuters ahead of today’s U.S. jobs report predicted a payroll increase of 3 million jobs in June; they were only off by 60 percent (+4.8 million). In a similar fashion, the average trade guess about Tuesday’s plantings report was a 2-million-acre reduction in corn and 1.8-million-acre increase in soybeans; they were only off by 177 percent and 75 percent, respectively. Do you see the pattern? Information markets based solely on opinion are highly dubious. USDA reports are the best...
What You Need to Know Today: Record biofuel demand continues to support soyoil values, as EIA data show that May soyoil usage as a biofuel feedstock reached a record 1.434 billion pounds. The latest data reinforces the strength of renewable fuel demand and helps explain ongoing investment in a...
A bipartisan group of 26 lawmakers, led by Representative David Valadao (R-CA), sent a letter to House Speaker Mike Johnson (R-Louisiana) and House Agriculture Committee Chair GT Thompson (R-Pennsylvania) requesting that $5 billion of the temporary economic assistance for farmers go toward spec...
Key Takeaways: Soyoil consumption as a biofuel feedstock climbed to a record 1.434 billion pounds in May, setting a new all-time monthly high. Improved 45Z policy clarity in February 2026 has supported stronger soyoil demand from the biofuel sector by providing producers with greater certainty...
