Few Changes for Soybeans in USDA WASDE Report As expected, USDA made relatively few changes in today's supply and demand report. It did raise U.S. soybean and soymeal exports for the current marketing year to reflect the poor South American crop, but it reduced soybean exports in the next marketing year. The following is a list of key changes made in today's report:
U.S. soybean exports in 2011/12 were increased by 20 million bushels to 1.335 billion bushels. U.S. soybean crush volume was increased by 15 million bushels to 1.66 billion bushels. U.S. soybean ending stocks in 2011/12 were reduced by 35 million bushels to 175 million bushels. That would be an ending stocks-to-use ratio of 5.6 percent, or a 20.5-day supply. U.S. soymea...
Key Takeaways: President Trump announced $8 billion in additional agricultural assistance through the Harvest Fuel Relief Program, as USDA projects farm fuel and oil expenses will increase 28.8 percent in 2026. The package follows $12 billion in earlier relief, while government farm payments w...
Key Takeaways: A student group from the University of Chicago is protesting to bring back onion futures trading. Trading in onion futures was banned in 1958 following a spectacular bout of market manipulation that resulted in a corner of the physical market. The ban on onion futures led t...
Beef packer margins deteriorated to $141/head last week, down $55 from the prior week as fed cattle prices strengthened while the Choice cutout remained nearly unchanged. The cutout held near $373/cwt while fed cattle prices climbed $4/cwt to $224/cwt, narrowing processor profits. Despite the d...
