GOOD MORNING, Prices are mixed, higher wheat and soyoil, in what appears to be trading ranges from the top. The higher equities market seemed to be the focus of the day yesterday, robbing the ag markets of their upside trends. Wheat futures were lower on the higher US dollar and rising freight costs, which makes US wheat uncompetitive and in need of searching for that level that sparks demand. Today, short-covering lifts wheat from its lows as major support is tested. Wheat is also following the Matif wheat market, which placed eight-year highs. Wheat also finds support from lower ratings in Kansas, Oklahoma, and Texas wheat after the extreme cold weather last week. Of note is that Rus...
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...
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