While soymeal demand is down in Europe for several reasons, USDA has surprisingly increased its forecast for EU soymeal consumption in 2014/15 by 400,000 MT. China's Cancellation of U.S. Soybean Purchases Undermines Market USDA announced today that exporters reported the cancellation of 174,000 MT of soybeans that were previously sold to China for shipment in 2014/15. This combined with the 285,000 MT Chinese sale cancellation disclosed last Friday and forecasts for rainfall in central Brazil later this week caused March soybean futures to drop by over 9.25 cents/bushel today. Skittish traders likely fear a bigger decline in coming weeks. As I have noted before, there is not much to hold up soybean prices after the record U.S. crop in 201...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
Key Takeaways: With the fall calf run now upon us, producers are finally getting a glimpse of what their realized profits will be for 2026. Some producers may have already obtained a strong estimate of 2026 revenues, especially if calves were forward sold in, for example, the mid-summer...
As fall begins, wild migratory birds are starting their seasonal migration. That has the industry and government officials worried about the potential spread, again, of highly pathogenic avian influenza (HPAI). Some members of Congress have called for the United States to be prepared for a pote...
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