USDA will release one of their biggest reports of the year this week with the January WASDE. Today we preview that report as well as discussing a soaring US dollar, weather in South America, and more.

Rain has picked up in South America since our initial dry fears…perhaps too much rain. We also discuss the strong US Ag exports this year, the strong USD, and what to look for heading into the new year.

The Palm market continues to go crazy, with soybean oil comparatively cheap. Outside of that, not a huge news week. We also discuss a strong USD, potential 45Z implications, and the December WASDE which comes out later this morning.

Specs are selling again! All major ag commodities in the US had net short positions through 11/26, while the Palm market is back up again. Weather in South America is looking great and production estimates are being raised.

More tariffs?? Today we talk about President-elect Trump’s proposed 25% tariffs on all Canadian and Mexican imports. Meanwhile, Soybean oil and Palm oil prices continued their plunge downward last week…have we hit the top?

Veg oil prices were back down this week after a BIG rally in previous weeks. China may have sent their first trade war strike, and conflict is heating up in Ukraine and Russia.

Happy Veterans Day. Today we discuss the USDA November WASDE results (and a bit of a soybean surprise), strong US exports, and a continuing veg oil rally.

ELECTION DAY! Today we preview a busy week ahead, discussing the potential Ag & Commodity implications of this presidential election (biofuels policy, tariffs, etc.), a Fed FOMC meeting (potential rate cut), and the USDA’s November WASDE report.

Crude oil plunges as tensions ease up a bit in the Middle East, while US corn and soybean oil exports are looking SOLID.