GOOD MORNING, Prices are firmer this morning after the release of crop ratings and the first results of the Pro Farmer crop tour. Despite recent rain events and better weather developments, corn and bean ratings dropped, as the average corn yields from the Pro Farmer crop tour fall below USDA estimates. Funds were sellers yesterday of around 11,000 corn contracts, but seem to be buying them back this morning. REPORTS Crop Progress Report:
Corn: 56% good/excellent, down 1%. Dough stage: 55% vs. 83% yr ago and 76% average, 21% behind the average levels. Dented: 15% vs. 41% yr ago and 30% average. Silking: 95% vs. 100% yr ago. The only states that showed improvement were Colorad...
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...
