Distiller Dried Grains Commodity Markets, Prices & Futures
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Latest News From Rough Rice
USDA’s October Crop Production and WASDE reports caused the soybean markets to tank Tuesday. One analyst says he thinks USDA’s soybean could could continue to rise as soybean demand shows signs of trouble.
USDA’s October report shows U.S. corn and soybean crops are larger than what USDA forecast in September, but the biggest question came to soybean demand. Soybean prices were down double digits after the report.
CBOT soybean futures slumped on Monday, as traders jockeyed for position on what is shaping up to be a large U.S. harvest and ahead of a U.S. production forecast this week that is expected to be bearish.
And other reasons you should care about infrastructure.
On Tuesday, Oct. 12, USDA will release its monthly Crop Production and World Agricultural Supply and Demand Estimates. Gulke Group’s Jamie Wasemiller will be watching several factors in that round of report.
The questions of if fundamentals really matter anymore have surfaced recently. A look at price discovery for HRSW gives some insight.
Growth in renewable diesel could revolutionize the U.S. soybean industry.
U.S. soybean futures hit their lowest since December on Monday, with concerns over exports in focus after U.S. Trade Representative Katherine Tai pledged to press Beijing over its failure to keep trade promises.
Greater transportation efficiencies will only make U.S. exporters more competitive, will support basis and put more revenue in producers’ pockets.
Dr. Pat Westhoff joins AgriTalk’s Chip Flory to share his spin on the latest trends in crop markets, livestock outlooks and projections for net farm income.