GOOD MORNING, Prices are lower on net fund short positions, non-threatening weather, and improved crop progress report. Funds seem to be building a new net short in corn as prices trend lower. September contract liquidation is offering up more resistance as we head into first notice day on Friday. Crop progress conditions improved more than expected and were bearish:
Corn: 57 percent good/excellent, up 1 percent from week ago and vs. 68 percent year ago. The most improved award went to the state of Illinois, with ratings improving 7 percent from 49 percent good/excellent. Dented: 27 percent, 32 percent behind last year and 19 percent behind average. Dough stage: 71 percent and...
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...
