U.S. corn and soybean export sales are lagging far behind those of the past four years, which is a primary concern among bulls and bears alike, and there are several reasons why.One of the primary concerns among bulls and bears alike is that the pace of U.S. corn and soybean export sales is lagging far behind that of the past four years. There are several reasons for the slow sales:
U.S. and world crop production has been very good for the third consecutive year with no significant weather scares. Buyers view supplies as plentiful. Prices have been in a steep decline for the past two years. Buyers have had no fear that they will move higher and thus little reason to aggressively book new crop. The following soybean and corn charts show...
What You Need to Know Today: A third U.S. border crossing (Columbus, New Mexico) has reopened to Mexican cattle imports following nearly two years of restrictions related to New World screwworm. The reopening could gradually improve feeder cattle availability, although more than 60 confi...
Yesterday, the USDA’s Agricultural Marketing Service (AMS) released a new report of negotiated cash purchases of cattle under the mandatory price report. The report included Colorado, New Mexico, Oklahoma, Texas, and Kansas. The goal of the report was to solve the confidentiality issues e...
Key Takeaways: U.S. soybean crushing began in 1911 and saw its most rapid expansion during the 1930s amid the broader agricultural and technology revolutions of the time. After peaking in the early 2000s, the soybean crushing industry went through a downturn as poor crush margins forced...
