USDA will release its WASDE updates this Wednesday, 11 July, at 7:30 a.m. This could be one of the more interesting supply and demand reports since back in 2007/08 for a number of reasons.
Dry and hot weather has (and continues to) ravage the Corn Belt since the June report was released. The June report held the corn yield at 166 BPA and the soybean yield at 43.9 BPA. It also showed increased harvested acres of both. The supply sides of the corn and soybean balance sheets have changed dramatically in just 30 days. Most analysts today are using a sub-150 BPA corn yield and a sub-42 BPA soybean yield with fewer harvested acres for both crops because of poor and declining crop conditions.
Soybean futures established new all-time hi...
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 €...
