Soybeans
The situation will be closely watched as the harvest approaches and exporters prepare for heavier corn and soybean movement.
Mexico remained the central buyer in the latest USDA export sales report, while China provided support for soybeans, sorghum, cotton, pork, and cattle hides.
USDA’s July WASDE report projects the smallest U.S. wheat crop since 1970, tighter corn stocks, stronger soybean exports, larger cotton supplies, and higher cattle prices.
Attention now shifts toward the annual 25 million metric ton benchmark, equal to about 919 million bushels, for 2026 through 2028.
Markets await USDA’s July WASDE report as analysts monitor global corn production, China’s soybean demand, weather, and shifting trade dynamics.
The United Soybean Board says innovation across a range of product development sectors continues to drive demand for soybean oil — from asphalt and sneakers to asphalt and animal feed.
USDA data show Spain remains an important export market for several U.S. agricultural commodities.
Lower fertilizer and diesel prices could reduce operating costs, though geopolitical risks remain.
Corn and soybeans are entering key stages of development as producers monitor weather and market conditions.
Brooke Miller is carrying on three generations of farming while building an operation of her own.