USDA’s WASDE report of today further tightened the soybean supply situation by boosting exports. It also raised its forecasts for soybean exports and crush in 2016/17, but that was not by enough to offset higher production resulting from more harvested area. U.S. Unshipped Soybean Export Sales at Record for July Last week’s USDA Export Sales report indicated there were 7.227 MT of unshipped soybeans on the books for export from the U.S. in 2015/16 as well as 423,000 MT of optional origin sales. It would appear that is the highest ever unshipped soybean sales volume for the month of July. Just what this means is not clear with slightly more than seven weeks left in the marketing year.It seems likely that some exporters have decided to shi...
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...
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