June WASDEs are seldom major market movers, and today's report was certainly was not bullish. As if by signal, there was a general across-the-board sell off of grain and soy futures following its release. General Comments: The June WASDE As usual, USDA's June WASDE was released mid-session at noon EDT. The market did not expect major changes from the production and supply/demand projections in last month's report, although we imagine non-commercials still long soybean and corn futures were hoping for something bullish to hang on to as they continue to liquidate those positions.With quarterly stocks and updated planted acreage estimates due about three weeks after it is released, June WASDEs are seldom major market movers. Today's report f...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
Key Takeaways: With the fall calf run now upon us, producers are finally getting a glimpse of what their realized profits will be for 2026. Some producers may have already obtained a strong estimate of 2026 revenues, especially if calves were forward sold in, for example, the mid-summer...
As fall begins, wild migratory birds are starting their seasonal migration. That has the industry and government officials worried about the potential spread, again, of highly pathogenic avian influenza (HPAI). Some members of Congress have called for the United States to be prepared for a pote...
From WPI Consulting
Accountability and a comprehensive approach to export programming
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