Today’s USDA WASDE report did not include any major unexpected changes in the supply and demand situation for the soy sector. U.S. soybean exports in 2019/20 were reduced, but U.S. soybean crush was increased as were U.S. soyoil exports. Overall, the report was relatively neutral to slightly positive. Some of the more significant changes in the report were the following for MY 2019/20:
U.S. soybean production in 2019 was reduced by 5 million bushels (96.68 MMT) after resurveying producers in the northern plains.
U.S. soybean exports were reduced by 25 million bushels to 1.65 billion bushels (44.91 MMT). That was expected based on the slow pace of U.S. soybean export thus far.
U.S. soybean crush was increased by 1...
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...
