John Perkins

Soybeans were higher on fund and technical buying. The trade is expecting recent warm, dry weather in much of the region to have at least some impact on yields. The USDA says 94% of the U.S. crop is at the pod setting stage and 13% is dropping leaves, both ahead of the respective five-year averages, […]

Dec. corn closed at $4.09 and 1/4, up 8 and 1/4 centsNov. soybeans closed at $10.12, up 12 centsOct. soybean meal closed at $317.40, up $7.30Oct. soybean oil closed at 41.48, down 105 pointsDec. wheat closed at $5.52, up 19 and 1/4 centsOct. live cattle closed at $179.27, up 67 centsOct. feeder cattle closed at […]

U.S. ethanol exports declined from June to July. The Renewable Fuels Association says ethanol exports of 136 million gallons fell 7% on the month, with notable declines for several key customers, including the United Kingdom, India, and the European Union. Canada took the top slot for the 40th consecutive month, while U.S. ethanol remained locked […]

Broiler sets and placements continue to trend above year ago levels, pointing to higher production in 2024. The USDA says 247.754 million broiler-type eggs entered incubators last week, up 162,000 from the week before that and 5% larger than a year ago, with average hatchability improving to just under 80%. Placements of 193.091 million broiler-type […]

Soybeans were higher on fund and technical buying, rallying after overnight losses. The USDA’s national crop rating was down slightly on the week but is holding above a year ago. Forecasts for much of the Midwest generally look dry into mid-month, which could trim yields, especially after what was a dry August in some key […]

Dec. corn closed at $4.12 and 3/4, up 3 and 1/2 centsNov. soybeans closed at $10.21 and 1/2, up 9 and 1/2 centsOct. soybean meal closed at $325.80, up $8.40Oct. soybean oil closed at 40.72, down 76 pointsDec. wheat closed at $5.80 and 3/4, up 14 centsOct. live cattle closed at $179.22, down 5 centsOct. […]

The U.S. Energy Information Administration says production was the lowest since late June at an average of 1.061 million barrels per day, a decrease of 10,000 on the week, but an increase of 49,000 on the year.

Soybeans were higher on short covering and technical buying, rallying after a lower start to the session. Most forecasts have some scattered rain late this week, but outlooks into mid-month are generally dry. While the USDA and many private firms are projecting a record yield this year, those conditions could trim the numbers at least […]

New crop corn and soybean export sales continued their hot streak during the week ending August 29th. The USDA says new crop corn saw a solid improvement with nearly half of the week’s total purchased by Mexico, and even though new crop soybeans were below a week ago, they still reflect solid interest from China. […]

Soybeans were lower on profit taking and technical selling, but still up on the week for the most active contracts. Forecasts had some near-term rain in parts of the region, but many areas could stay dry into mid-month, which might trim yields. For now, though, the USDA and most private firms are projecting a record […]