John Perkins

Soybeans were lower on profit taking and technical selling. Last week's major private crop tour is projecting record yield potential and development weather looks favorable.

Poultry production was higher last month. The USDA says 4.844 billion pounds of poultry were certified wholesome in July, rising 4% on the year, with a 5% gain in chicken at 4.407 billion pounds and modestly higher turkey production at 427.334 million pounds. The chicken slaughter was up 4% and the average live weight was […]

Soybeans were higher on fund and technical buying. The USDA’s national crop rating dipped over the past week with harvest just around the corner. There’s still some development time remaining in parts of the region but any significant loss of production potential would just tighten the balance sheet further. Unknown bought 132,000 tons of new […]

Sep. corn $5.00 and 1/2, up 9 centsSep. soybeans $12.28, up 12 centsSep. soybean meal $320.30, unchangedSep. soybean oil 67.52, up 39 pointsSep. Chicago wheat $6.85 and 1/2, up 3 and 3/4 centsOct. live cattle $210.95, down $2.65Sep. feeder cattle $319.27, down $4.95Oct. lean hogs $80.45, down 67 centsSep. Class III milk closed at $16.40, […]

U.S. ethanol stocks moved to a multi-month high last week. The U.S. Energy Information Administration says the domestic supply of 25.206 million barrels was the largest since early May, up 85,000 on the week and 2.657 million on the year, as increased rates of production push the domestic reserve higher. Ethanol production averaged 1.112 million […]

Soybeans were higher on fund and technical buying. China bought another 333,000 tons of new crop U.S. beans ahead of the open. Combined with Tuesday’s sale to unknown destinations, that puts the 2-day running total at 465,000 tons, all for 2026/27 delivery. The trade continues to monitor late development weather and yield potential ahead of […]

Last week was a big week for new crop U.S. soybean export demand. The USDA says those soybean sales during the week ending August 20 th topped 90 million bushels, nearly all of that to either China or unknown destinations. Global demand for new crop beans has surged over the past several weeks thanks to more competitive pricing and China trying to meet its pledged U.S. purchase totals. New crop corn sales were also strong, mainly to unknown destinations and Mexico, and pork and wheat were above average. The USDA’s next round of supply and demand estimates is out September 11 th

Soybeans were modestly higher on short covering and technical buying. Beans are watching late development weather, with the potential for late heat stress in parts of the region. Harvest activity is already underway in some areas, but for later developing beans, this could impact yield at a time when every bushel counts. The USDA’s updated […]

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Soybeans were higher on fund and technical buying, seeing a solid week-to-week rise. Unknown destinations and China bought 226,000 tons and 182,000 tons, respectively, of 2026/27 U.S. soybeans ahead of the open. That continues the hot streak for global soybean demand ahead of the start of the new marketing year. Chinese grain storage firm Sinograin […]