BASIC & RECENT MARKET INFO

Highlights Bio Fuel consultant, Corey Lavinsky, reports the Senate's proposed changes to the 45Z clean fuel  credit have been released &...

Q&A: Soybean Oil Chad asked: "Is soy oil as bullish as what some folks think it could be?"   No. Three years ago this week, May 2022 soy oil futures settled over 90¢ per pound and traded over 91¢. It was happy days for soybean and corn growers as construction had already been booked and many construction projects were well underway to nearly double the U.S soybean crush capacity by 2026 to produce enough soy oil to meet the biofuel demand that would need every bushel of soybe

At 10 AM Mountain Time today the USDA will issue its November S&D.  On Wednesday, an EPA auditor gave an agricultural commercial chemical applicator, who does business with one of our clients, a set of new regulations that went into effect Wednesday. The applicator told our client these new regulations will require some serious limitations in 2025. The limited information our client has is that the new regulations have something to do with the Endangered Species Act. If any o

Planting Intentions Survey At noon Eastern Time on Thursday, 28 March, the USDA will issue results of its survey of farmers planting intentions for corn, beans and spring wheat as well as the inventory of grains and oilseeds on hand as of March 1st. So, both new and old crops will get a major dose of information that could move the market sharply up or down.   CBOT will be closed on Good Friday, March 29. No markets Thursday evening. Trade resumes normal evening session on Ea

Highlights If the front three contract months of any commodity futures settles limit up or limit down, the next day’s daily trading limit is expanded. Yesterday, soybean oil was limit-down in more than three months. That means the bean complex will have expanded limits today: Soybeans: $1.60 a bushel Bean meal: $45 a ton Bean oil: 60¢ a pound Yesterday, the EPA issued its Renewable Fuel Standards (RFS) mandate for 2023 through 2025 compliance years. The ethanol blending targe

Highlights There were no bank failures or new rumors of failures over the weekend. Tidbits International Monetary Fund chief Kristalina Georgieva said on Sunday that risks to financial stability have increased and called for continued vigilance although actions by advanced economies have calmed market stress. She expects 2023 will be another challenging year, with global growth slowing to below 3% due to scarring from the pandemic, the war in Ukraine and monetary tightening.

Tidbits The USDA’s two-day 2023 Ag Outlook Forum begins today. In the past, S&D numbers for the new crop were issued on Friday. However, USDA will release the S&D today at 6 AM CST instead of Friday so today's speakers will have something to talk about. The next S&D for 2023 crops will be in May and then every month for the next three years. Expect the markets to jump around today. Late yesterday, Black Sea highly respected wheat market guru, Andrey Sizov wrote: " So now hea

"Roger, I just finished your (yesterday’s) newsletter and I liked your analysis on the 13 % spread on soybean export numbers, which I agree can be a big deal, but what about the 37% spread on Soy oil, is that not worth mentioning???????" Good morning, Ben, Yes, the soy oil export situation should be addressed. I am certain many other subscribers have the same question, especially the ones who have not been with us very long.

Highlights Wayne Bacon of Hammersmith Marketing LTD said the fine print of the EPA’s biofuel mandates for 2023 and 2024 issued Wednesday added rapeseed as an acceptable vegetable oil for biofuels and that was the reason bean oil lost 10% of its value. When the mandate targets were announced, we reported they were about as expected, but the bean oil price was falling out of bed. The only logical reason was too many spec longs were disappointed. Well, yes, they were disappoint