John Perkins

The USDA says that as of the week ending November 14 th, corn, soybean, and wheat export inspections are ahead of the respective paces need to meet projections for the current marketing year. The 2024/25 marketing year started June 1 st for wheat and September 1 st for beans, corn, and sorghum. The USDA’s next round of supply and demand estimates is out December 10 th

Soybeans were higher on short covering and technical buying, rallying after the mixed business for much of the session. South American planting and development conditions generally look favorable, with the trade expecting big crops. Ahead of Monday’s open, Mexico bought 261,264 tons of U.S. soybeans, the Philippines picked up 135,000 tons of U.S. bean meal, […]

U.S. ethanol production trickled slightly lower over the past week. The U.S. Energy Information Administration says production averaged 1.11 million barrels per day, down 3,000 on the week, but up 87,000 on the year. The four-week average for production is a record 1.1 million barrels per day. The most recent information from Iowa State University’s […]

U.S. broiler sets and placements were up solidly on both the week and the year. The USDA says 247.440 million broiler-type eggs were set into incubators, up 8.883 million on the week and 4% on the year as hatcheries try to meet demand expectations. The average hatchability improved slightly, remaining just below 80%. 189.344 million […]

Soybeans were lower on fund and technical selling. Soybeans continued to follow the lead of bean oil, which followed the lead of global palm oil, while watching conditions in South America. ABIOVE estimates Brazil’s 2025 soybean crop at a record 167.7 million tons, with exports projected at an all-time high of 104.1 million tons. Ahead […]

Commercial red meat production during October was 5.024 billion pounds. That was an increase of 5% on the year thanks to faster cattle and hog processing paces and heavier average live weights. Beef production was 2.465 billion pounds, 5% higher, with a slaughter of 2.858 million head, a rise of 1%, and an average live […]

Soybeans were lower on fund and technical selling. Near-term planting and development weather in South America continues to look generally favorable. The fundamental implications of big South American crops also pressured soybean meal and oil. China and unknown destinations bought U.S. beans ahead of the open, 198,000 and 135,000 tons, respectively, and the Philippines picked […]

The USDA says 2.286 million head of cattle were placed into U.S. feedlots in October 2024.

U.S. chicken egg production saw a year-to-year decline in October. The USDA says the monthly total of 9.192 billion eggs was down 4% on the year, on a 3% decrease in the number of laying hens to 377.045 million head and a 1% reduction in the average number of eggs per layer to 2,438 eggs […]

Soybeans were higher on short covering and technical buying but posted a week-to-week decline. Beans continue to monitor the generally favorable development conditions in most of South America. Unknown destinations bought 198,000 tons of 2024/25 U.S. beans, the third day in a row with an announced sale for a running total of 959,200 tons. It […]