Key Takeaways:
Continued domestic demand for soyoil in the U.S. will drive prices higher and create a firmer outlook for global soybean values and crush margins. U.S. soyoil prices are set to increase 13-16 percent over the next four months as the domestic demand expansion takes hold. The increase in soyoil values will pull soybeans higher, with some model runs anticipating cash market values above $12.75/bushel by mid-autumn. Soymeal values are expected to remain mostly steady as the expanded U.S. crush outpaces domestic demand and exports clear the residual supplies. These dynamics will leave U.S. cash crushing margins steady to slightly higher over the next 16 weeks, though fund buying dynamics on the CBOT will likely push the fut...
What You Need to Know Today: The U.S. dollar continued to strengthen Thursday as persistent inflation reinforced expectations for additional Federal Reserve interest rate hikes. Higher Treasury yields have helped support the dollar, potentially reducing the competitiveness of U.S. agricultural...
In yesterday’s WASDE, USDA reduced its overall red meat and poultry production forecast for 2026 as declines in beef and broiler output more than offset increases in pork and turkey production. Fourth-quarter beef production was revised downward because of slower fed cattle marketings and...
Key Takeaways: Dry bulk freight markets were stronger this week, but the rally was uneven and due to divergent dynamics across basins and vessel classes. Panamax markets were broadly higher, but Atlantic grain demand was primarily responsible while Asian activity was subdued. That trend...
