There was notably higher volume trading soybeans, soyoil, HRW, and beef today. Each driven by different factors; all appeared to be driven more by fundamentals than stochastic parrots. Export sales were generally lower than the prior week, except for soyoil, but were higher than the prior four-week average, except for soyoil. Soyoil is more distorted than other commodities due to the domestic demand for renewable diesel. That distortion may have come into play in today’s trading.
The annual meeting of the International Grains Council this week in New Orleans included revised estimates for 2023/24 grain production and trade. Although global corn and soybean carryover will increase, overall total grain ending stocks...
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...
Regional News Dry weather across the UK and Europe is becoming increasingly concerning for the 2027 crops as planting intentions are lowered amid dry soil conditions. Delayed sowing or establishment under adverse conditions could leave crops more vulnerable to frost/freeze events and dise...
