Fundamental insights to inform capital, operational, and trading decisions in your Ag/Renewable commodity business.
US Crop Values Pale vs Tech CAPEX
Amazon’s 2026 CAPEX budget = $200 billion Alphabet = $175-$185 billion Meta = $115-$135 billion Farm gate value of ALL the corn, soybeans, wheat, cotton, rice, sorghum, barley, and oats produced in the US in 2025? $132 billion. For Everything. Any one of these companies could buy the entire row crop output of the USA with…
Biofuel Demand for Oil is Dominating Headlines.
But both ADM and Bunge mentioned robust meal protein demand during their earnings calls this week. The story is building in the meal market. Thanks for reading Oilseed Impacts. New editions drop weekly. Don’t forget to sign up here or on Linkedin.
Big Soybean Crush Just Posted for December….and Bigger Oil Inventories.
Something has to give. Which will it be? A) Crush slowdownB) Oil exports increaseC) Biofuel demand finally gets going Thanks for reading Oilseed Impacts. New editions drop weekly. Don’t forget to sign up here or on Linkedin.
US Soybean Exports are Ramping Up.
But South American harvest is upon us. We need to sell another 13 MMT and ship 25 MMT to hit USDA estimates. With China meeting their purchase volume commitment already, the next 13 MMT of sales will be tough.
Depressing WASDE Yesterday with Corn Leading Markets to the Downside.
Now that the dust has started to settle, here’s a couple soy complex items I noticed, with some additional color from Oilseeds Crushings data. Thanks for reading Oilseed Impacts. New editions drop weekly. Don’t forget to sign up here or on Linkedin.
Jan WASDE Just Hit the Press. USDA Reduced this Number from 15.5 to 14.8.
Oct bean oil biofuel demand – 1.006 bil lbs.Nov RIN generations down m-o-m, suggesting a reduction from Oct.Dec, no reason to see a meaningful change. Leaving Nov-Dec usage unchanged vs Oct, that leaves Jan-Sep to pick up the slack to hit the USDA estimate of 15.5 bil lbs for the year. Here’s what that looks…