The soybean market has defied bearish analytical gravity for the umpteenth year in a row. Each of the past several years has started with projections of big South American crops coupled with big U.S. crops that would exceed the growth in demand from China and build world soybean ending supplies. Some analysts have been touting U.S. soybean ending supplies climbing to as high as 400-500 million bushels (10-12 MMT). That talk was followed by forecasts for soybean prices collapsing all the way back to $7 or $8 per bushel. Those bearish estimates have been missed by very wide margins. It is obvious that this will again be the case in MY 2011/12, and very likely in the new marketing year as well, for a number of reasons:
South American soy...
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...
