What happened to the "demand destruction" that several years of very high prices were supposed to have wrought on the markets?Today's weekly export inspection numbers coupled with last week's export sales numbers again highlight the fact that the pace of U.S. soybean exports will decline to the point they will be a nonevent for the market. Today's soybean export inspection number was 450,317 MT compared with 569,648 MT a week ago. Total outstanding U.S. soybean export sales are now down to 3.8 MMT. 366,000 MT of this amount is registered to China, but there's another 1.168 MMT still listed as unknown, much of which is assumed to be sales to China.The 9 April weekly USDA export sales report showed a reduction in net soybean export sales due...
Accountability and a comprehensive approach to export programming
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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...