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: Declining crop conditions ratings and shaky results from the Pro Farmer crop tour sent grains sharply higher on Tuesday. The Pro Farmer tour in Ohio pegged the state yield at 180.18 BPA, about 5.5 BPA below the tour’s 2025 estimate. Similarly, the Pro Farmer...
Mediterranean/Middle East/North Africa/Africa – MEA Region Egypt is the largest importer of Brazilian maize in the first six months of 2026. Egypt imported about 28.4 percent of maize exports, or about 1.7 million MT. Iran was the third-largest importer at 14.5 percent, or 900,000 MT, fol...
Based on a Depression-era statute, President Trump imposed 50 percent tariffs on $20 billion of exports to the U.S., or about 5.2 percent of the $383 billion worth of goods the U.S. imported from Canada in 2025, according to U.S. Census Bureau data. Of that total, about $39.3 billion was agricu...
