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Market Commentary

Spread activity was the main CBOT driver today, with traders initially buying soybeans and selling wheat and corn. Long soymeal/short soyoil trading was notable as well. Disappointing export sales for corn and wheat triggered liquidation in those two commodities. Soybeans had gotten cheap enough that there was some short-covering and long position building being spread against short corn trades.  U.S. weather is mostly trending warmer, though the East Coast and Eastern Corn Belt will still be cooler than normal for the coming week. The western half of the U.S. will see above-average temperatures, which will be favorable for both crop and livestock agriculture. Sunday night and into Monday could bring snow showers for Minnesota, Wiscon...

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Related Articles
soy-oilseeds

WASDE Soyoil

The 2020/21 global oilseed supply and demand forecasts include lower production, lower exports, higher crush, and lower ending stocks compared to last month.  USDA reduced global oilseed production by 2.0 million tons to 604.2 million on lower rapeseed, cottonseed, and soybean production.&...

soy-oilseeds

WASDE Soymeal

USDA raised U.S. soybean crush by 15 million bushels - reflecting an increase in domestic soybean meal disappearance which is raised in line with an increase for 2019/20.  With projections for exports unchanged, 2020/21 soybean ending stocks are increased 30 million bushels to 425 million...

soy-oilseeds

WASDE Soybeans

USDA’s outlook for U.S. soybean production is at 4.14 billion bushels, up 10 million on increased harvested area.  Harvested area, forecast at 83.0 million acres in the June 30 Acreage report, is up 0.2 million from last month.  The soybean yield forecast is unchanged at 49.8 bu...

soy-oilseeds

WASDE Soyoil

The 2020/21 global oilseed supply and demand forecasts include lower production, lower exports, higher crush, and lower ending stocks compared to last month.  USDA reduced global oilseed production by 2.0 million tons to 604.2 million on lower rapeseed, cottonseed, and soybean production.&...

soy-oilseeds

WASDE Soymeal

USDA raised U.S. soybean crush by 15 million bushels - reflecting an increase in domestic soybean meal disappearance which is raised in line with an increase for 2019/20.  With projections for exports unchanged, 2020/21 soybean ending stocks are increased 30 million bushels to 425 million...

soy-oilseeds

WASDE Soybeans

USDA’s outlook for U.S. soybean production is at 4.14 billion bushels, up 10 million on increased harvested area.  Harvested area, forecast at 83.0 million acres in the June 30 Acreage report, is up 0.2 million from last month.  The soybean yield forecast is unchanged at 49.8 bu...

feed-grains

WASDE Corn

USDA’s outlook for 2020/21 U.S. corn is for lower ending stocks.  For 2020/21, corn production is forecast 995 million bushels lower based on reduced planted and harvested areas from the June 30 Acreage report.  The national average corn yield is unchanged at 178.5 bushels per a...

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