Overview
- Friday’s close left soybeans and corn higher for the week, with November soybeans up 27 cents and December corn up 14.5 cents from last Friday.
- USDA’s Fats & Oils report Friday showed March soybean crush at 227.36 million bushels, below trade estimates, with soybean oil stocks at 2.456 billion pounds.
- Weekly Export Sales released Thursday showed light soybean bookings at 258,066 metric tons and stronger old‑crop corn sales at 1.598 million metric tons, followed by a Friday private corn sale of 148,240 metric tons to unknown buyers.
- Grain futures tracked crude oil’s pullback on Thursday, and EIA data showed ethanol output fell to 1.009 million barrels per day, which tightened stocks and signaled shifting corn use for fuel.
- Hog futures weakened after APHIS confirmed pseudorabies in an Iowa herd for the first time since 2004, and the House farm bill advanced without year‑round E15, which keeps the 15% ethanol blend policy unresolved for now.