John Perkins

The USDA’s reporting a mixed week for export sales. Old and new crop corn during the week ending June 4th both saw week-to-week improvements led by Japan, while old and new crop soybeans dipped, still showing a lack of demand from China. Beef was up on the week with South Korea buying more than a […]

USDA made minimal adjustments to the domestic balance sheets for corn, soybeans, and wheat.

The smallest U.S. wheat crop in decades continues to shrink due to weather issues and acreage cuts.

The USDA has cut its 2026 production projections for beef, turkey, and eggs.

Soybeans were lower on fund and technical selling. The USDA’s old and new crop U.S. ending stocks numbers were unchanged, at 340 million and 310 million bushels, respectively, and U.S. development weather mostly looks favorable. For 2025/26, the USDA cut exports, but raised domestic crush an equal amount, with no adjustments, yet, for 2026/27. USDA […]

Soybeans were lower on fund and technical selling, adding to the week-to-week decline. Development conditions continue to look favorable in much of the region. The trade’s also watching late harvest activity in Argentina, which is about 95% complete, while waiting for signs of new demand from China. This past week’s export sales report showed no […]

U.S. export inspections were mixed during the week ending June 18 th. The USDA says wheat inspections were up on the week, led by the Philippines, reflecting the good global demand less than a month into that marketing year. Corn and soybeans were both below a week ago but were still above what’s needed to meet projections in the final quarter of their marketing year. The USDA’s next round of supply and demand estimates will be released July 10 th

U.S. corn and soybean condition ratings held over the past week. That followed another week of wide-ranging, but generally favorable, weather in many key growing areas.

Jul. corn $4.11 and 1/2, down 6 centsJul. soybeans $11.15 and 3/4, down 7 centsJul. soybean meal $299.80, down $1.50Jul. soybean oil 71.15, up 145 pointsJul. Chicago wheat $5.97 and 1/2, down 8 and 1/4 centsAug. live cattle $247.35, up 72 centsAug. feeder cattle $370.42, up $3.82Jul. lean hogs $94.65, down 37 centsJul. Class III […]

Soybeans were mixed, unable to follow through on the initial gains. Crush margins have dipped, but are still positive, and bean oil was up on biodiesel demand expectations. The trade is waiting for more new demand from China after Thursday’s sales announcement and will continue to watch U.S. development weather. The USDA says 66% of […]