Soybean export sales in this week's USDA report totaled 1.9 MMT. That ranks as one of the top five weeks in history and exceeded only a few times back in 2009. Next week's report will also total more than 1 MMT based on announcements made earlier this week. USDA reported another 400,000 MT of soybean sales this morning. That's not bad during a period of time when the market chatter has been slow export interest.
Crops experts we know have been touring the central Corn Belt (Illinois & Iowa). They are somewhat appalled at the very late maturity of the soybean crop plus the lack of pods. We are hearing the same thing from our producer clients across the northern plains. Corn and soybean crops were planted late and temperatures...
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...
