Markets started the Sunday evening session firm and finished that way. Wheat was the leader with small gains in all three markets. Meanwhile, corn and soybeans were steady to fractionally higher. Rains missed most of the key growing regions in Argentina, and that kept the soy complex firm overnight. There are still several chances for more widespread rain showers across Argentina and southern Brazil. As the two-week precipitation forecast map below shows, however, the final result will still be below normal. Soybeans and soymeal futures opened today’s session with small losses.
This morning USDA announced the export sales of 396,000 MT of soybeans and 168,000 MT of sorghum, all to China. U.S. equity markets started the day very st...
What You Need to Know Today: A third U.S. border crossing (Columbus, New Mexico) has reopened to Mexican cattle imports following nearly two years of restrictions related to New World screwworm. The reopening could gradually improve feeder cattle availability, although more than 60 confi...
Yesterday, the USDA’s Agricultural Marketing Service (AMS) released a new report of negotiated cash purchases of cattle under the mandatory price report. The report included Colorado, New Mexico, Oklahoma, Texas, and Kansas. The goal of the report was to solve the confidentiality issues e...
Key Takeaways: U.S. soybean crushing began in 1911 and saw its most rapid expansion during the 1930s amid the broader agricultural and technology revolutions of the time. After peaking in the early 2000s, the soybean crushing industry went through a downturn as poor crush margins forced...
