MARKETS

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.

U.S. wheat harvested acres are at a 149-year low as corn and soybeans dominate. Policy shifts, global competition, and profitability gaps are reshaping American agriculture.

Highlights from today’s USDA Crop Progress and Condition Report.

Soybeans and wheat are firm amid bargain buying, while corn is weaker on favorable weather.