U.S. wheat futures have rallied and exceeded their most recent highs set in June 2017. Chicago December wheat is back pushing against the $6.00 level today as the long-term chart shows below:
The ongoing late season drought in the EU carved a much bigger hole in EU crop production than anyone was willing to forecast just 30 days ago. It’s possible the USDA will cut their EU wheat production estimate 15 to 20 MMT from their July estimate. That might be an unprecedented cut after only a 30-day mid-summer window . Most of the EU’s wheat production is winter wheat, not spring wheat. There will also likely be further cuts in wheat production in the U.S., Canada and the Black Sea region this Friday. The world wheat situation is get...
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...
