News
USDA’s latest outlook, released yesterday, projects the U.S. ag trade deficit at $47 billion in FY25, narrowing slightly from earlier estimates, and falling to $41.5 billion in FY26.
Corn led strength overnight while soybeans continue to consolidate following the recent leg higher.
Meal is the market to watch in soy complex futures
Export demand picking up for new-crop beans
Traders were expecting net new-crop soybean sales for the week ended Aug. 21 to range from 450,000 MT to 1.0 MMT.
Soybean, meal bulls hold their own, but winter wheat still sagging