Soybeans tumbled this week after the USDA raised its expectations for Brazil’s bean crop. Brazil is the world’s second-largest soybean grower and is America’s primary rival for soy exports onto the global market. As Brazil’s…
Ags
Bio-Fueled Grain Rally
Corn and soybean prices exploded on Tuesday on rumors of a new deal to change regulations surrounding biofuels. The plan was submitted to the White House by the Renewable Fuels Association and Carl Icahn, a…
Soybeans Sink
Soybean prices fell to a six-week low under $10.10 per bushel on Friday, dragged lower by USDA projections for a bean crop of 4.18 billion bushels this year, a harvest that would be the second-largest…
Bellies get Gutted
Bacon prices collapsed this week, losing nearly 20% in value over two days. Bacon tracks an industry market known as “pork bellies” which represent the frozen cut of meat that bacon is made from. The…