King corn is losing a battle with Queen soybeans, and this has activated the politicians for another round of support. Renewable diesel is projected to increase five-fold from 1 billion to 5 billion gallons by 2026. Almost $2.6 billion is being invested in increased soybean crush capacity to meet this demand. It will require around 1.5 billion additional bushels of soybeans and creates three problems for corn:
An edge in the battle for acres. Demand drives up profitability and farmers will grow beans instead of corn. Increased competition around coproducts. There will be a surplus of 35 million short tons of soybean meal competing with DDGS. Winning RINs. Renewable biodiesel has a better GHG reduction value and its RINs will outc...
What You Need to Know Today: Crude oil prices extended their rally today, supported by several developments, including escalating Houthi attacks on Saudi Arabian oil infrastructure and growing concerns about supply disruptions. The Trump administration is reportedly preparing to remove 50 perc...
Key Takeaways: The agricultural trade surplus has become a sizable deficit: the balance swung from a $40.1 billion surplus in 2011 to a $40.7 billion deficit in 2025. Imports kept growing while exports lost momentum: between 2020 and 2025, agricultural imports increased 45 percent, compa...
USDA released its October Cattle on Feed report Friday, showing 11.4 million cattle in feedlots with capacity for 1,000 head or more, slightly below last year. September placements were the lowest for the month since records began in 1996, marking the third consecutive month of placements sett...
Total Red Meat & Poultry September 2026 total red meat and poultry stocks totaled 1.97 billion pounds, down 1.4 percent from August despite typically increasing 0.8 percent during the month, and were 1.5 percent below September 2025 levels. The decline pushed total inventories to a new five...
