U.S. soybean export sales hit a marketing year low during the week ending February 15th. The USDA says soybean sales were sharply below the previous week and the four-week average, following a big cancelation by unknown destinations. Rice also hit a marketing year... Read More.
Soybeans were higher on short covering and technical buying after March was able to hold at $12.01. It was an up and down day with contracts making new lows for the move, watching development weather and early harvest activity in South America. Yields... Read More.
Soybeans were lower on profit taking and technical selling. The trade gave back some of the recent gains, with spillover from profit taking in bean meal and a drop in crude oil. However, beans were above the day’s lows as the U.S. Drought... Read More.
The USDA says beef and soybean export sales fell to marketing year lows during the week ending March 2nd. Beef was significantly lower than average following small cancellations by several key customers, while soybeans had a net reduction after big cancellations by unknown... Read More.
Weather has created two different scenarios for crops in South America. University of Illinois postdoctoral student and Brazilian native Joana Colussi tells Brownfield Brazil is expected to bounce back from last year’s poor yields. “If the weather cooperates, Brazil could have the largest harvest in... Read More.
Soybeans were firm to modestly higher on short covering and technical buying. Beans were oversold and able to find support near the recent lows, still watching U.S. harvest activity, with generally dry weather in the forecast for the rest of the week. Interior... Read More.
U.S. ethanol production climbed higher last week. The U.S. Energy Information Administration says production averaged 889,000 barrels a day, up 34,000 from the previous week’s more than 18-month low. But that is down 89,000 on the year with some planting remaining idle for maintenance... Read More.
Ethanol production and stocks hit multi-month lows last week. The U.S. Energy Information Administration says production averaged 901,000 barrels a day, a drop of 62,000 on the week and 25,000 on the year. That is the lowest weekly average since February 2021 as producers continue... Read More.
Soybeans were lower on speculative and technical selling but managed to finish above the session lows. The recent rain in the Midwest and Plains might have missed some areas but could stabilize or even boost yields in parts of the region. The USDA’s... Read More.
Domestic ethanol production fell to multi-month lows last week. The U.S. Energy Information Administration says production averaged 983,000 barrels a day, a decrease of 39,000 on the week, but an increase of 10,000 on the year. That’s the lowest weekly average since April as... Read More.
It’s been a month of marketing year lows for soybeans. The USDA says old crop soybean export sales for the week ending July 7th notched a marketing year low for the fourth consecutive week, with the last three weeks net reductions following cancellations,... Read More.
The USDA is reporting another mostly bearish week for U.S. export sales. Those sales are affected by several factors, including movement of the U.S. dollar against other major currencies and competition from other exporters. Old crop corn and soybeans during the week ending... Read More.