S&P Global is the first private firm to issue an acreage planted forecast following USDA’s prediction for the upcoming campaign, but it will not be the last. The annual exercise is riskier this far out from when planting actually occurs because markets can change and farmers have certain flexibilities. Nonetheless, these early forecasts present some notable analyses:
Soybean acres will increase versus 2022, and corn acres decline, but not enough for corn to overtake soybeans. It will be the largest number of acres planted to soybeans since 2018. Acres planted to wheat will be the largest since 2016. Total acres planted to the big three, wheat, corn and soybeans, will be the largest since 2013. If yields are opti...
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...
