Soybeans Brazil Supply/Demand Update Brazil’s Conab just released its first estimates for the 2017/18 campaign, which reflect the general trend of summer crop corn area migrating to soybeans. With the former down 6-10 percent at 4.93-5.15 million hectares, the report's significant numbers for soybeans include the following:
Planted area is up 2.7 percent at 34.5-35.2 million hectares. Yields are down 9.4 percent to 3,000 kg/hectare. Total production is estimated at 106-108 MMT.
Global Market Dynamics The Brazilian market has been very quiet in the past week, and November beans are still offered at $1.65X CNF China. That is still more expensive than U.S. Gulf (USG), which traded at $1.56-1.57 last week. Brazil’...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
