Overview
- USDA reported the week ending Jan. 8 saw 2.06 MMT of soybean bookings, the third-largest of the marketing year, and 1.14 MMT of corn sales, including private deals to China and unknown buyers.
- NOPA said member crushers processed 224.991 million bushels of soybeans in December, slightly above expectations, with soybean oil stocks rising to 1.642 billion pounds.
- EIA data showed U.S. ethanol production jumped to a record 1.196 million barrels per day, with inventories increasing by 821,000 barrels to 24.473 million.
- Soybean futures gained roughly 11 to 13 1/4 cents on Thursday trading, while corn eased to fractional losses after a brief midweek rebound.
- CONAB pegged Brazil’s soybean crop at 176.12 MMT and corn at 138.87 MMT, private AgroConsult lifted soy to 182.2 MMT, Argentina’s Rosario exchange raised corn to 62 MMT, and Reuters reported the EPA is expected to finalize 2026 RVOs by early March with a biodiesel range near 5.2–5.6 billion gallons and a change removing penalty language on imported feedstocks.