John Perkins

Soybeans were higher on short covering and technical buying, padding the week’s gains. Planting and development conditions mostly look favorable and the trade’s waiting for new demand from China. There’s been a lot of talk about tariff reductions, but nothing’s been announced officially, and even if they’re buying routine amounts of U.S. beans, the bulk […]

U.S. ethanol stocks swelled over the past week. The U.S. Energy Information Administration says the domestic supply was the largest in almost a month at 24.968 million barrels, rising 93,000 on the week and 687,000 on the year. The year-over-year gain is linked to a generally faster rate of production. Ethanol production averaged 1.089 million […]

Soybeans were higher on short covering and technical buying. Contracts were around support levels, waiting for any signs of new crop demand from China. The USDA’s delayed weekly U.S. export sales numbers are out Friday morning. China continues to largely rely on Brazil for its soybean needs. U.S. weather looks mostly favorable for late planting […]

Old crop wheat export sales fell to a marketing year low during the week ending May 21 st. The USDA says old crop sales were a net reduction following big cancelations by several of key buyers, but most of those key buyers also bought new crop U.S. wheat. The next marketing year for wheat begins Monday. Approaching the final quarter of their marketing year, old crop corn and soybean export sales saw week-to-week declines, partially due to price and competition from South America. Pork sales were also down on the week, but beef sales were solid. Export business is influenced by several factors, including the value of the dollar and geopolitics. The USDA’s next round of supply and demand estimates is out June 11 th

Soybeans were lower on profit taking and technical selling, ensuring a lower weekly finish. Unknown destinations did buy U.S. soybeans Friday morning, but at least officially, China continues to mostly stay away from U.S. beans, in favor of Brazil, at least partially because of price and geopolitics. That sale to unknown was 192,000 tons, with […]

Jul. corn $4.46 and 3/4, down 9 centsJul. soybeans $11.86 and 3/4, down 7 and 3/4 centsJul. soybean meal $329.80, down $4.30Jul. soybean oil 77.72, up 102 pointsJul.

Domestic soybean crush demand was solid during April as processors try to meet product demand.

The first national condition ratings of the season for corn and soybeans are a little bit below a year ago. Overall, conditions are seen as generally favorable, but some areas are being hit by drought, while other areas are excessively wet. The USDA says 67% of U.S. corn is good to excellent, 2% lower than […]

Soybeans were mixed. U.S. planting and development conditions look favorable in many areas. The USDA says 66% of U.S. soybeans are in good to excellent shape, 1% under the first rating for 2025, with 87% of the crop planted and 65% emerged. Soybeans are also keeping an eye on harvest activity in Argentina and waiting […]

Soybeans were lower on fund and technical selling. 66% of U.S. beans are good to excellent, down 1% on the year, but still good. Crush margins are solid and the trade is waiting for any signs of new crop demand from China. For now, at least officially, China continues to primarily buy beans from Brazil. […]