Markets firmed up overnight with wheat trading 5-6 cents higher following yesterday’s big sell-off. Wheat then took off sharply higher in the first hour of trading this morning. The strength was attributed to a report that U.S. wheat was among the cheapest offers to Egypt. Corn followed wheat higher, recapturing yesterday’s losses at mid-morning and holding those gains into the close. Trading volume in both wheat and corn was heavy, and both futures markets were heavily oversold after yesterday’s big losses. The soy complex was slightly higher in soybeans and meal while slightly easier in soyoil. Next week’s U.S. Corn Belt weather looks cool and damp (see maps below).
U.S. equity markets were crumbling agai...
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...
