THE OPEN Nov beans: 10 lower Dec meal; 2.30 lower Dec soyoil: 52 lower Dec corn: 2 1/2 lower Dec wheat: 3 3/4 lower The markets opened as called but quickly moved lower as funds turned sellers into an open harvest weekend. Most commodities outside grains are also trending weaker, which is making this a macro-sell side. IHS Market released new acreage estimates based on the latest Farm Service Agency numbers:
Corn acreage: increasing by 420,000 acres from the USDA's Sep. crop report to 93.7 mln for 2021; production: 15,046 mln bu Soybean acreage: increasing by 150,000 acres from the USDA's Sep. crop report to 87.5 mln for 2021; production: 4,381 mln bu...
What You Need to Know Today: Record biofuel demand continues to support soyoil values, as EIA data show that May soyoil usage as a biofuel feedstock reached a record 1.434 billion pounds. The latest data reinforces the strength of renewable fuel demand and helps explain ongoing investment in a...
A bipartisan group of 26 lawmakers, led by Representative David Valadao (R-CA), sent a letter to House Speaker Mike Johnson (R-Louisiana) and House Agriculture Committee Chair GT Thompson (R-Pennsylvania) requesting that $5 billion of the temporary economic assistance for farmers go toward spec...
Key Takeaways: Soyoil consumption as a biofuel feedstock climbed to a record 1.434 billion pounds in May, setting a new all-time monthly high. Improved 45Z policy clarity in February 2026 has supported stronger soyoil demand from the biofuel sector by providing producers with greater certainty...