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 additional U.S. soybean crush capacity. U.S. consumer sentiment improved unexpectedly in July, with the University of Michigan Consumer Sentiment Index rising to 55.2, marking its strongest reading since February. However, sentiment remains historically weak, ranking near the lower end of readings since the survey began in 1978. Persistent concerns over elevated consumer costs, particularly for groceries and gasoline, continue to weigh on household con...
What You Need to Know Today: USDA cut the 2026 corn yield forecast by 1.6 BPA to 179.6, shaving 141 Mbu off the crop. Corn ending stocks were cut by 91 Mbu to a level that pushed the ending stocks-to-use (ESU) ratio to 10.8 percent. Conversely, USDA raised the soybean yield forecast 0.2 BPA to...
Key Takeaways: Expanding U.S. soybean crushing capacity is strengthening domestic demand, driven largely by growing soyoil consumption from the renewable diesel and biofuels industries. Despite increased domestic processing, substantial quantities of U.S. soybeans are expected to remain availa...
