GOOD MORNING, The markets continue to digest current USDA numbers, ProFarmer numbers, and trade war tensions that were ratcheted higher last week sending many markets lower. This morning the markets are higher on a combination of more positive news stories and funds now net short everything but soyoil. Lead headlines from Reuters indicate that:
Trump says Japan has agreed to buy a lot of US corn surplus. Specifically, out of the G-7 meeting Trump and Japan's Prime Minister Abe said they have agreed to buy excess US corn, and Abe referred to a potential purchase of US corn that would be handled by the private sector. Trade Rep Lighthizer said the agriculture portion of the Japan trade deal would cover wheat, pork...
What You Need to Know Today: Crude oil prices extended their rally today, supported by several developments, including escalating Houthi attacks on Saudi Arabian oil infrastructure and growing concerns about supply disruptions. The Trump administration is reportedly preparing to remove 50 perc...
Key Takeaways: The agricultural trade surplus has become a sizable deficit: the balance swung from a $40.1 billion surplus in 2011 to a $40.7 billion deficit in 2025. Imports kept growing while exports lost momentum: between 2020 and 2025, agricultural imports increased 45 percent, compa...
USDA released its October Cattle on Feed report Friday, showing 11.4 million cattle in feedlots with capacity for 1,000 head or more, slightly below last year. September placements were the lowest for the month since records began in 1996, marking the third consecutive month of placements sett...
Regional News Dry weather across the UK and Europe is becoming increasingly concerning for the 2027 crops as planting intentions are lowered amid dry soil conditions. Delayed sowing or establishment under adverse conditions could leave crops more vulnerable to frost/freeze events and dise...
