Last week's U.S. export inspections were again very big last week, and that highlights the ability to move grain and oilseeds from the interior to export facilities. Rail shuttle turn times have been incredibly fast, primarily because of two factors.
The record corn and soybean harvests coupled with very strong nearby export demand pushed interior rail shuttle freight premiums as high as $2,000 per car. That premium crashed suddenly over this past weekend to as low as a $200 per car for November through early December. Shuttle values drop to tariff levels after that, and some discounts to tariff are quoted in the January-March period. This is good news for interior (farmer) basis levels, which should improve because of the sharp reductio...
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...
