Old crop soybean futures and basis have had a hard time weakening even with all the talk of a very bearish long-term soybean supply situation caused by predicted record crops in South America and increased plantings in the U.S. General Comments Markets were mixed again in the overnight session. It has been a week with mostly bearish market news including:
More cargoes of U.S. corn being rejected by China because they contained the unapproved genetically modified organism (GMO) variety. USDA's weekly export sales report released Thursday showed more corn sales were shifted from unknown to China. Increased production estimates for soybeans in both Brazil and Argentina based on good weather and good planting progress. A Stats Canada pro...
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...
