The day session saw a more decisive downdraft for grain and soy prices. Support from the cash meal market seems to be in rapid decline. Without that support, soybean prices were under pressure and were unable to provide the upside leadership that the grains have relied on. General Comments The overnight session saw grain and soy prices work lower, led by weaker soybeans and soymeal. The cash meal basis has weakened, and processors are eager enough to lock in the current very fancy crush margins that many have become aggressive sellers of meal at levels below published offers. The market seems to be signaling that the soymeal supply crunch is being resolved. Corn futures traded in a narrow range overnight but in moderate volume, while whea...
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...
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