The outlook for soybeans does continue to appear fundamentally bearish. However, soy complex futures seem reluctant to acknowledge just how bearish the situation seems to be.Consider the following:
The estimated 2013/14 world soybean carryover is a record-large 66 MMT. The U.S. produced a record 3.97 billion bushel (108 MMT) soybean crop for 2014/15. Brazil and Argentina are forecast by WPI to produce record 2014/15 soybean crops of 94.5 MMT and 56 MMT, respectively, putting total 2014/15 South American production at about 160 MMT. Estimated total world soybean production for 2014/15 is 315 MMT, up about 31 MMT from 2013/14. Total world soybean demand for 2014/15 is estimated to be 288.5 MMT, up about 15.5 MMT from 2013/14. Estimate...
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...
