General Comments Corn and soybean markets were quite weak today and there weren't many good reasons why. Here is some of today's market chatter:
Concerns about an increased pace of harvest and some hedge pressure. The problem with this theory is that basis levels are getting stronger, not weaker. China is again projecting a record corn crop. We're not buying it. It seems a stretch to believe in record production during a year of significant weather extremes. Funds were selling soybeans for technical reasons. This does make some sense. November futures tried to trade above $13 several times this week and couldn't hold those gains. Weather across important regions in western Argentina, specifically Cordoba, has been extremely dry...
As predicted, the Federal Reserve held rates steady at the last meeting before the midterm elections, likely in part because of the election (see WPI 19 October and 22 September). The decision comes at the tail end of a midterm election cycle that has been marked by the two parties campaigning...
Key Takeaways: WPI’s new EU rapeseed crushing margin models point to weaker processing returns over the next four months due to higher rapeseed procurement costs and weaker product values. Statistical forecasts call for German crushing margins to decline from €181/MT to €...
Key Takeaways: The tariff burden rose sharply in 2025 and 2026: the effective rate on imports in HTS Chapters 1–24 increased from 1.53 percent in 2024 to 6.11 percent in 2025, before averaging 5.68 percent in January–August 2026. Headline rates tell only part of the story: exemptio...
