Cold, Winter Weather Impact January Soybean Crush
**Bob Lane was out of the office today and will return on Monday, March 4, 2024.**
U.S. soybean crushing volumes totaled 195 million bushels in January, the USDA reported on...
Planting dates for early crops are swiftly approaching, and planning for these crops is nearly past due. Nonetheless, some organic growers are undecided on aspects of their crop rotation because of slow forward contracting in select markets, namely in Hard Red Winter Wheat Country in the Northern Plains and Canadian Prairies.
Buyers continue to maintain thin inventories, even as prices decline to levels far below the ones that persisted during the post-pandemic organic feed boom. Interest rates are partly responsible for this buyer behavior, and even small downward adjustments in key interest rates could move the needle in terms of end user buying behavior.