Recent Energy Analysis
CFTC COT Report Analysis
The weather rally continues to shift fund positioning and sentiment from its former bearish posture to a far more bullish configuration. Managed money traders purchased 93,000 contracts across the ag markets, expanding their all-ags net long 98 percent in the process. The biggest drivers of the...
Summary of Futures
Dec 26 Corn closed at $4.6325/bushel, up $0.0225 from yesterday's close. Sep 26 Wheat closed at $6.3525/bushel, down $0.05 from yesterday's close. Nov 26 Soybeans closed at $11.9475/bushel, up $0.04 from yesterday's close. Dec 26 Soymeal closed at $315/short ton, down $3.7 fro...
Summary of Futures
Dec 26 Corn closed at $4.61/bushel, up $0.09 from yesterday's close. Sep 26 Wheat closed at $6.4025/bushel, up $0.205 from yesterday's close. Nov 26 Soybeans closed at $11.9075/bushel, up $0.0925 from yesterday's close. Dec 26 Soymeal closed at $318.7/short ton, up $3.3 from y...
Trade Deficit Data Reflects AI, Petroleum, and Soybeans
The trade deficit in goods and services came in at $77.6 billion in May, slightly smaller than the consensus estimate of $78.4 billion. After a few months of relative stability, the trade deficit widened in May. The increase in the deficit for the month was due to both a rise in imports, which...
Summary of Futures
Dec 26 Corn closed at $4.52/bushel, down $0.0425 from yesterday's close. Sep 26 Wheat closed at $6.1975/bushel, up $0.12 from yesterday's close. Nov 26 Soybeans closed at $11.815/bushel, down $0.1075 from yesterday's close. Dec 26 Soymeal closed at $315.4/short ton, up $4.2 fr...
Summary of Futures
Dec 26 Corn closed at $4.5625/bushel, down $0.08 from yesterday's close. Sep 26 Wheat closed at $6.0775/bushel, down $0.1075 from yesterday's close. Nov 26 Soybeans closed at $11.9225/bushel, down $0.055 from yesterday's close. Dec 26 Soymeal closed at $311.2/short ton, down $...
Summary of Futures
Dec 26 Corn closed at $4.6425/bushel, up $0.065 from yesterday's close. Sep 26 Wheat closed at $6.185/bushel, up $0.045 from yesterday's close. Nov 26 Soybeans closed at $11.9775/bushel, up $0.055 from yesterday's close. Dec 26 Soymeal closed at $316.5/short ton, up $3 from ye...
Summary of Futures
Dec 26 Corn closed at $4.5775/bushel, up $0.1625 from yesterday's close. Sep 26 Wheat closed at $6.14/bushel, up $0.1425 from yesterday's close. Nov 26 Soybeans closed at $11.9225/bushel, up $0.445 from yesterday's close. Dec 26 Soymeal closed at $313.5/short ton, up $9.1 from...
Summary of Futures
Dec 26 Corn closed at $4.415/bushel, down $0.0075 from yesterday's close. Sep 26 Wheat closed at $5.9975/bushel, down $0.0025 from yesterday's close. Nov 26 Soybeans closed at $11.4775/bushel, down $0.015 from yesterday's close. Dec 26 Soymeal closed at $304.4/short ton, down...
Summary of Futures
Dec 26 Corn closed at $4.4225/bushel, up $0.0625 from yesterday's close. Sep 26 Wheat closed at $6/bushel, up $0.1075 from yesterday's close. Nov 26 Soybeans closed at $11.4925/bushel, up $0.055 from yesterday's close. Dec 26 Soymeal closed at $304.7/short ton, up $1.6 from ye...
Ethanol and Biodiesel Margins
What You Need To Know Today: Ethanol margins continue to run well above year-ago and normal seasonal values, but have slipped in recent weeks on weaker DDGS and ethanol pricing. WPI’s models project a steady decrease in returns to ethanol production following the end of the summer...
Summary of Futures
Sep 26 Corn closed at $4.1675/bushel, up $0.065 from yesterday's close. Sep 26 Wheat closed at $5.8925/bushel, up $0.095 from yesterday's close. Nov 26 Soybeans closed at $11.4375/bushel, up $0.0475 from yesterday's close. Jul 26 Soymeal closed at $304.7/short ton, up $0 from...
Summary of Futures
Jul 26 Corn closed at $4.02/bushel, down $0.1075 from yesterday's close. Sep 26 Wheat closed at $5.7975/bushel, down $0.1 from yesterday's close. Nov 26 Soybeans closed at $11.39/bushel, down $0.1725 from yesterday's close. Jul 26 Soymeal closed at $304.7/short ton, down $2.3...
Indonesia’s B50 Mandate Reshapes Global Vegetable Oil Markets
Key Takeaways: Indonesia will raise its biodiesel mandate from B40 to B50 on 1 July, increasing palm oil–based diesel blending to 50 percent. The policy supports domestic palm oil demand and reduces reliance on imported diesel. Indonesia’s biodiesel program has steadily expanded si...
CFTC COT Report Analysis
Bearish sentiment continues to dominate CBOT trade, which last week resulted in the ag markets seeing another period consecutive net liquidation. Managed money traders liquidated another 84,000 contracts (42 percent) of their prior all-ags net long, extending the pullback from the largest net l...
Summary of Futures
Jul 26 Corn closed at $4.1275/bushel, down $0.02 from yesterday's close. Sep 26 Wheat closed at $5.8975/bushel, down $0.1175 from yesterday's close. Nov 26 Soybeans closed at $11.5625/bushel, down $0.0075 from yesterday's close. Jul 26 Soymeal closed at $307/short ton, down $1...
Summary of Futures
Jul 26 Corn closed at $4.1475/bushel, up $0.0775 from yesterday's close. Sep 26 Wheat closed at $6.015/bushel, up $0.055 from yesterday's close. Nov 26 Soybeans closed at $11.57/bushel, up $0.22 from yesterday's close. Jul 26 Soymeal closed at $308.2/short ton, up $4.6 from ye...
Mid-Year Cow-Calf Profitability Projections
Key Takeaways: Despite rising cost pressures — including the recent run-up in fuel and energy costs — U.S. cow-calf producers are facing another year of record-breaking revenues and net returns for 2026. Cost pressures — particularly non-feed variable costs — and...
Summary of Futures
Jul 26 Corn closed at $4.07/bushel, down $0.0275 from yesterday's close. Sep 26 Wheat closed at $5.96/bushel, down $0.01 from yesterday's close. Nov 26 Soybeans closed at $11.35/bushel, down $0.0675 from yesterday's close. Jul 26 Soymeal closed at $303.6/short ton, up $0.7 fro...
Soybean Crush Margin Forecast
What You Need to Know Today… Crush margins are set to pull back after their recent rallies, though U.S. markets will fare better than others. U.S. demand-led strength in soyoil pricing is a key driver of U.S. margin profitability and will remain so into mid-autumn. Soymeal prices are th...
Summary of Futures
Jul 26 Corn closed at $4.0975/bushel, down $0.0175 from yesterday's close. Sep 26 Wheat closed at $5.97/bushel, down $0.105 from yesterday's close. Nov 26 Soybeans closed at $11.4175/bushel, up $0.0025 from yesterday's close. Jul 26 Soymeal closed at $302.9/short ton, up $3.1...
Summary of Futures
Jul 26 Corn closed at $4.115/bushel, down $0.06 from yesterday's close. Sep 26 Wheat closed at $6.075/bushel, down $0.065 from yesterday's close. Nov 26 Soybeans closed at $11.415/bushel, down $0.0125 from yesterday's close. Jul 26 Soymeal closed at $299.8/short ton, down $1.5...
Summary of Futures
Jul 26 Corn closed at $4.175/bushel, down $0.035 from yesterday's close. Sep 26 Wheat closed at $6.14/bushel, down $0.0725 from yesterday's close. Nov 26 Soybeans closed at $11.4275/bushel, down $0.065 from yesterday's close. Jul 26 Soymeal closed at $301.3/short ton, down $3...
Summary of Futures
Jul 26 Corn closed at $4.21/bushel, up $0.0725 from yesterday's close. Jul 26 Wheat closed at $6.1275/bushel, up $0.1675 from yesterday's close. Jul 26 Soybeans closed at $11.32/bushel, up $0.02 from yesterday's close. Jul 26 Soymeal closed at $304.8/short ton, up $0 from yest...
CFTC COT Report Analysis
The weather rally continues to shift fund positioning and sentiment from its former bearish posture to a far more bullish configuration. Managed money traders purchased 93,000 contracts across the ag markets, expanding their all-ags net long 98 percent in the process. The biggest drivers of the...
Summary of Futures
Dec 26 Corn closed at $4.6325/bushel, up $0.0225 from yesterday's close. Sep 26 Wheat closed at $6.3525/bushel, down $0.05 from yesterday's close. Nov 26 Soybeans closed at $11.9475/bushel, up $0.04 from yesterday's close. Dec 26 Soymeal closed at $315/short ton, down $3.7 fro...
Summary of Futures
Dec 26 Corn closed at $4.61/bushel, up $0.09 from yesterday's close. Sep 26 Wheat closed at $6.4025/bushel, up $0.205 from yesterday's close. Nov 26 Soybeans closed at $11.9075/bushel, up $0.0925 from yesterday's close. Dec 26 Soymeal closed at $318.7/short ton, up $3.3 from y...
Trade Deficit Data Reflects AI, Petroleum, and Soybeans
The trade deficit in goods and services came in at $77.6 billion in May, slightly smaller than the consensus estimate of $78.4 billion. After a few months of relative stability, the trade deficit widened in May. The increase in the deficit for the month was due to both a rise in imports, which...
Summary of Futures
Dec 26 Corn closed at $4.52/bushel, down $0.0425 from yesterday's close. Sep 26 Wheat closed at $6.1975/bushel, up $0.12 from yesterday's close. Nov 26 Soybeans closed at $11.815/bushel, down $0.1075 from yesterday's close. Dec 26 Soymeal closed at $315.4/short ton, up $4.2 fr...
Summary of Futures
Dec 26 Corn closed at $4.5625/bushel, down $0.08 from yesterday's close. Sep 26 Wheat closed at $6.0775/bushel, down $0.1075 from yesterday's close. Nov 26 Soybeans closed at $11.9225/bushel, down $0.055 from yesterday's close. Dec 26 Soymeal closed at $311.2/short ton, down $...
Summary of Futures
Dec 26 Corn closed at $4.6425/bushel, up $0.065 from yesterday's close. Sep 26 Wheat closed at $6.185/bushel, up $0.045 from yesterday's close. Nov 26 Soybeans closed at $11.9775/bushel, up $0.055 from yesterday's close. Dec 26 Soymeal closed at $316.5/short ton, up $3 from ye...
Summary of Futures
Dec 26 Corn closed at $4.5775/bushel, up $0.1625 from yesterday's close. Sep 26 Wheat closed at $6.14/bushel, up $0.1425 from yesterday's close. Nov 26 Soybeans closed at $11.9225/bushel, up $0.445 from yesterday's close. Dec 26 Soymeal closed at $313.5/short ton, up $9.1 from...
Summary of Futures
Dec 26 Corn closed at $4.415/bushel, down $0.0075 from yesterday's close. Sep 26 Wheat closed at $5.9975/bushel, down $0.0025 from yesterday's close. Nov 26 Soybeans closed at $11.4775/bushel, down $0.015 from yesterday's close. Dec 26 Soymeal closed at $304.4/short ton, down...
Summary of Futures
Dec 26 Corn closed at $4.4225/bushel, up $0.0625 from yesterday's close. Sep 26 Wheat closed at $6/bushel, up $0.1075 from yesterday's close. Nov 26 Soybeans closed at $11.4925/bushel, up $0.055 from yesterday's close. Dec 26 Soymeal closed at $304.7/short ton, up $1.6 from ye...
Ethanol and Biodiesel Margins
What You Need To Know Today: Ethanol margins continue to run well above year-ago and normal seasonal values, but have slipped in recent weeks on weaker DDGS and ethanol pricing. WPI’s models project a steady decrease in returns to ethanol production following the end of the summer...
Summary of Futures
Sep 26 Corn closed at $4.1675/bushel, up $0.065 from yesterday's close. Sep 26 Wheat closed at $5.8925/bushel, up $0.095 from yesterday's close. Nov 26 Soybeans closed at $11.4375/bushel, up $0.0475 from yesterday's close. Jul 26 Soymeal closed at $304.7/short ton, up $0 from...
Summary of Futures
Jul 26 Corn closed at $4.02/bushel, down $0.1075 from yesterday's close. Sep 26 Wheat closed at $5.7975/bushel, down $0.1 from yesterday's close. Nov 26 Soybeans closed at $11.39/bushel, down $0.1725 from yesterday's close. Jul 26 Soymeal closed at $304.7/short ton, down $2.3...
Indonesia’s B50 Mandate Reshapes Global Vegetable Oil Markets
Key Takeaways: Indonesia will raise its biodiesel mandate from B40 to B50 on 1 July, increasing palm oil–based diesel blending to 50 percent. The policy supports domestic palm oil demand and reduces reliance on imported diesel. Indonesia’s biodiesel program has steadily expanded si...
CFTC COT Report Analysis
Bearish sentiment continues to dominate CBOT trade, which last week resulted in the ag markets seeing another period consecutive net liquidation. Managed money traders liquidated another 84,000 contracts (42 percent) of their prior all-ags net long, extending the pullback from the largest net l...
Summary of Futures
Jul 26 Corn closed at $4.1275/bushel, down $0.02 from yesterday's close. Sep 26 Wheat closed at $5.8975/bushel, down $0.1175 from yesterday's close. Nov 26 Soybeans closed at $11.5625/bushel, down $0.0075 from yesterday's close. Jul 26 Soymeal closed at $307/short ton, down $1...
Summary of Futures
Jul 26 Corn closed at $4.1475/bushel, up $0.0775 from yesterday's close. Sep 26 Wheat closed at $6.015/bushel, up $0.055 from yesterday's close. Nov 26 Soybeans closed at $11.57/bushel, up $0.22 from yesterday's close. Jul 26 Soymeal closed at $308.2/short ton, up $4.6 from ye...
Mid-Year Cow-Calf Profitability Projections
Key Takeaways: Despite rising cost pressures — including the recent run-up in fuel and energy costs — U.S. cow-calf producers are facing another year of record-breaking revenues and net returns for 2026. Cost pressures — particularly non-feed variable costs — and...
Summary of Futures
Jul 26 Corn closed at $4.07/bushel, down $0.0275 from yesterday's close. Sep 26 Wheat closed at $5.96/bushel, down $0.01 from yesterday's close. Nov 26 Soybeans closed at $11.35/bushel, down $0.0675 from yesterday's close. Jul 26 Soymeal closed at $303.6/short ton, up $0.7 fro...
Soybean Crush Margin Forecast
What You Need to Know Today… Crush margins are set to pull back after their recent rallies, though U.S. markets will fare better than others. U.S. demand-led strength in soyoil pricing is a key driver of U.S. margin profitability and will remain so into mid-autumn. Soymeal prices are th...
Summary of Futures
Jul 26 Corn closed at $4.0975/bushel, down $0.0175 from yesterday's close. Sep 26 Wheat closed at $5.97/bushel, down $0.105 from yesterday's close. Nov 26 Soybeans closed at $11.4175/bushel, up $0.0025 from yesterday's close. Jul 26 Soymeal closed at $302.9/short ton, up $3.1...
Summary of Futures
Jul 26 Corn closed at $4.115/bushel, down $0.06 from yesterday's close. Sep 26 Wheat closed at $6.075/bushel, down $0.065 from yesterday's close. Nov 26 Soybeans closed at $11.415/bushel, down $0.0125 from yesterday's close. Jul 26 Soymeal closed at $299.8/short ton, down $1.5...
Summary of Futures
Jul 26 Corn closed at $4.175/bushel, down $0.035 from yesterday's close. Sep 26 Wheat closed at $6.14/bushel, down $0.0725 from yesterday's close. Nov 26 Soybeans closed at $11.4275/bushel, down $0.065 from yesterday's close. Jul 26 Soymeal closed at $301.3/short ton, down $3...
Summary of Futures
Jul 26 Corn closed at $4.21/bushel, up $0.0725 from yesterday's close. Jul 26 Wheat closed at $6.1275/bushel, up $0.1675 from yesterday's close. Jul 26 Soybeans closed at $11.32/bushel, up $0.02 from yesterday's close. Jul 26 Soymeal closed at $304.8/short ton, up $0 from yest...