Few Changes for Soybeans in USDA WASDE Report As expected, USDA made relatively few changes in today's supply and demand report. It did raise U.S. soybean and soymeal exports for the current marketing year to reflect the poor South American crop, but it reduced soybean exports in the next marketing year. The following is a list of key changes made in today's report:
U.S. soybean exports in 2011/12 were increased by 20 million bushels to 1.335 billion bushels. U.S. soybean crush volume was increased by 15 million bushels to 1.66 billion bushels. U.S. soybean ending stocks in 2011/12 were reduced by 35 million bushels to 175 million bushels. That would be an ending stocks-to-use ratio of 5.6 percent, or a 20.5-day supply. U.S. soymea...
What You Need to Know Today: Cattle futures extended their sharp selloff Friday as weakening cash cattle prices, deteriorating feedlot profitability, and reduced packer demand continued to weigh on the market. The inability of futures to sustain a rally following last week's bullish Cattle on...
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 €...
