No Major Surprises for Soy in USDA Reports Even though the initial market reaction to today's USDA production, stocks, supply, and demand data was substantial, the reports did not make major changes to previous soy numbers. Among the several changes made by USDA were:
U.S. soybean production in 2011 was increased by 10 million bushels to 3.056 billion bushels. The increase was a result of an increase in the average yield by 0.2 bushels/acre and a 100,000 acre reduction in the harvested area. U.S. soybean crush volume for 2011/12 was reduced by 10 million bushels to 1.615 billion bushels and the forecast for U.S. soybean exports was reduced by 25 million bushels to 1.275 billion bushels. These changes should not be surprising to anyo...
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...
