Data shows soybean crush and renewable diesel output are hitting all-time highs, driven by strong domestic biofuel policy, while new U.S. tariffs on Brazilian tallow add fresh demand in the biofuel feedstock market.
Soybeans and wheat saw selling pressure overnight though did see an increase in buying going into the break.
Next few trading sessions will be critical for grain markets
Hot weather caused stress to soybeans and wheat as well
Producers share real-time, boots-on-the-ground assessments of crop conditions.