GOOD MORNING, Prices are mostly higher this morning after the release of crop progress reports showed corn conditions off 3 percent vs. expectations for unchanged. The trade today may consist of more short-covering activity as funds are net short across the board. Wheat continues to sustain its recent upside turn higher from lower, with spill-over into the soy complex as more strength emerges. CROP PROGRESS
Corn: 3 percent lower vs. an expected unchanged, to 55 percent good/excellent, the lowest corn rating of the year. States that saw the greatest deterioration included Illinois, Nebraska, Michigan, Tennessee, and Texas. Missouri, North Carolina, and South Dakota saw the largest improvement.&n...
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...
