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The U.S. Department of Agriculture (USDA) forecasts the U.S. soybean production for the 2026/2027 marketing year at 4.435 billion bushels in June, unchanged from May. The U.S. soybean ending stocks for the 2026/2027 marketing year are forecasted at 3

2026-06-12

The U.S. Department of Agriculture (USDA) forecasts the U.S. soybean production for the 2026/2027 marketing year at 4.435 billion bushels in June, unchanged from May. The U.S. soybean ending stocks for the 2026/2027 marketing year are forecasted at 310 million bushels in June, compared to market expectations of 312 million bushels and the May forecast of 310 million bushels. The U.S. soybean yield for the 2026/2027 marketing year is forecasted at 53 bushels per acre in June, unchanged from May.

Other News
2026-06-12

According to SEC filings, proposals from Alphabet (GOOG.O) shareholders regarding water use and artificial intelligence reports were not approved at the annual shareholder meeting.

According to SEC filings, proposals from Alphabet (GOOG.O) shareholders regarding water use and artificial intelligence reports were not approved at the annual shareholder meeting.
2026-06-12

1. Two departments summoned and warned automakers suspected of irrational competition. 2. Guangzhou: Fully promoting the implementation of major projects in intelligent connected and new energy vehicles, artificial intelligence, semiconductors and i

1. Two departments summoned and warned automakers suspected of irrational competition. 2. Guangzhou: Fully promoting the implementation of major projects in intelligent connected and new energy vehicles, artificial intelligence, semiconductors and integrated circuits, and low-altitude economy. 3. Cui Dongshu of the China Passenger Car Association: The average price of new energy passenger vehicles in May was 169,000 yuan, an increase of 7,000 yuan year-on-year. 4. Geely Galaxy responded to automakers' focus on the World Cup: Increasing investment in sports marketing. 5. Xiaomi Automotive Technology Co., Ltd. increased its range-extended electric passenger vehicle product range. 6. Guangzhou's automotive industry achieved 100% domestic design of vehicle chips. 7. General Motors plans to abandon the lithium iron phosphate battery route and focus on lithium-rich manganese-based battery technology. 8. Li Auto, China Automotive Technology and Research Center (CATARC), and others established an advanced technology standard research group for intelligent chassis to promote research on drive-by-wire chassis technology and standards. 9. Changan Automobile responded to the listing and transfer of its 40% stake in Changan Ford New Energy: A normal structural adjustment at the shareholder level; there is no so-called "sale at a 40% discount". 10. Chery Automobile and Yinwang signed a strategic cooperation agreement to deepen cooperation on technologies such as Level 3 and Level 4 autonomous driving. 11. Porsche CEO confirmed: There will be no all-electric version of the 911 sports car. 12. Alphabet's self-driving car company Waymo will launch a $30 monthly membership plan. 13. US automotive parts and powertrain supplier Dana will merge with Eaton's Mobility business.
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