Tidbits, Fed Rate, Soybean Exports, Crush, Biofuels, Broilers & Ethanol 12/11/25
- Wright team
- 1 day ago
- 5 min read
Tidbits
Interest Rate: Members of the Federal Open Market Committee (FOMC) voted 9 to 3 to lower the benchmark Fed Funds rate by a quarter point to a new target range of 3.5% to 3.75%. One vote was to lower the policy rate by half percent, while two votes supported no change. Post meeting comments included that the Federal Reserve will buy $40 billion worth of U.S. treasury bills over the next 30 days to put more money in circulation; the Fed expects one rate cut in 2026 and one in 2027.
Crude oil prices were boosted yesterday after President Trump said the United States seized a very large oil tanker off the coast of Venezuela. When Trump was asked why the vessel was seized, he simply said it was “for a very good reason.”
“We’ve just seized a tanker on the coast of Venezuela, a large tanker, very large, largest one ever seized, actually,” Trump said Wednesday at the White House, adding that “other things are happening” in the area.
A soybean export trader in Brazil, Eduardo Vanin, reports:
“Over the last 4 weeks, China purchased 97 cargoes from the U.S. and 36 from Brazil, mostly new crop. Chinese state-owned companies have already bought 105 U.S. cargoes since the Xi–Trump meeting week, close to 60% of the 12 million mt program. Part of this soybean volume will replace Brazilian beans for short-haul shipments.
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