John Perkins

Soybeans were modestly lower on profit taking and technical selling. USDA confirmed the sale of old and new crop U.S. beans to China Wednesday morning, which led to some “buy the rumor, sell the fact” activity as the session wore on. The reported business was a total of 472,000 tons, 136,000 tons for 2025/26 and […]

Soybeans were lower on profit taking and technical selling. The USDA confirmed more new crop demand from China, along with unknown destinations. China bought 136,000 tons and unknown purchased 120,000 tons, bringing the two-day total to 728,000 tons, with 592,000 tons of that for 2026/27 delivery. The weekly numbers showed old crop sales up on […]

The USDA has raised its 2026 corn and soybean production estimates, while trimming the outlook for wheat. The larger corn and soybean numbers followed the late June acreage adjustments by the department. Corn is now pegged at 16 billion bushels, with soybeans at 4.475 billion bushels. The USDA left yields at 183 and 53 bushels […]

U.S. wheat production has been hit hard in 2026 by weather and slow demand, which affected yield and planted area.

The USDA slashed new crop rice ending stocks, while increasing the carryout for cotton.

The USDA has reduced its 2026 red meat production guess, while increasing expectations for poultry.

Soybeans were higher on fund and technical buying, ending the week in positive territory. The USDA did raise U.S. production following the June acreage update, but old crop stocks were down and new crop was steady, despite that bigger crop guess. The USDA did increase export expectations for both the 2025/26 and 2026/27 marketing years, […]

Brazil’s equivalent of the USDA has increased its expectations for corn production.

Soybeans were lower on profit taking and technical selling. The USDA’s national crop rating improved over the past week and development is ahead of average overall. There are some areas of concern and the crop is still moving through key development phases, but for now, the trade is taking a wait and see attitude towards […]

Ethanol demand last week was generally slow. That is tied to several factors, including the cost of and demand for gasoline, along with ethanol production in recent weeks.