The domestic and export soybean basis remain strong and, in fact, have been strengthening throughout this harvest. There are several reasons:
The old crop pipeline was empty. New crop demand has been very strong, especially to China that has more than 16 MMT already on the books. The soybean crop was planted late and pushed back the harvest period, aggravating the tight old crop situation. The harvest so far has been very strung out, partially because of the very wide spread in crop planting date as well as the vagaries in the weather. There still hasn't been a hard freeze anywhere, and a lot of rain has fallen across the northern Plains in the past week that has stalled harvest. Farmers have been reluctant sellers. The market ent...
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...
Markets are getting into the Halloween spirit, handing out more tricks than treats. There has been some encouraging news, but it hasn’t been enough to slow the broader slide. Now buyers need to show up with something other than another “Charlie Brown” rock for the bag. Somethi...
