While soymeal demand is down in Europe for several reasons, USDA has surprisingly increased its forecast for EU soymeal consumption in 2014/15 by 400,000 MT. China's Cancellation of U.S. Soybean Purchases Undermines Market USDA announced today that exporters reported the cancellation of 174,000 MT of soybeans that were previously sold to China for shipment in 2014/15. This combined with the 285,000 MT Chinese sale cancellation disclosed last Friday and forecasts for rainfall in central Brazil later this week caused March soybean futures to drop by over 9.25 cents/bushel today. Skittish traders likely fear a bigger decline in coming weeks. As I have noted before, there is not much to hold up soybean prices after the record U.S. crop in 201...
What You Need to Know Today: The Federal Reserve held interest rates steady at 3.75 to 4.0 percent Wednesday, with two officials dissenting in favor of a 25-basis-point increase. The Fed upgraded its assessment of economic growth from "solid" to "strong" but adopted a more patient approa...
Key Takeaways: Expected growth in U.S. soybean crushing capacity and output, driven by biofuel demand, will increase domestic soymeal supplies, with production growth significantly outpacing demand. WPI forecasts soymeal production increasing from 65.8 million short tons in 2026/27 to 70.5 mil...
Russian Grain Markets: 19–23 October 2026 The Russian grain market continued its recovery during the week, although prices remained volatile across regions. Wheat was notably bullish, while feed barley and corn were slower to appreciate, primarily because of weaker export demand amid logi...
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