The December WASDE was unsurprisingly unsurprising. USDA literally changed nothing in the U.S. 2018/19 soybean balance sheet and made only modest adjustments to the U.S. corn and wheat tables. Consequently, the markets had a muted reaction to the report, but corn and soybeans finished higher while wheat fell to modest losses. Following are a few tables that highlight the major changes in this month’s WASDE:
Wall Street is higher as traders are either encouraged by signs of progress between D.C. and Beijing regarding the trade war, or have simply gotten tired of selling stocks (though we expect algos seldom get “tired”). Regardless, the Dow is up 146 points while the S&P 500 is up 0.7 percent. The VIX is caut...
What You Need to Know Today: Brazilian President Luiz Inácio Lula da Silva secured reelection on Sunday, defeating right-wing Senator Flávio Bolsonaro despite trailing in the first round of voting. The surprise victory triggered a sharp selloff in Brazilian financial market...
The 2026 midterm elections are a week from tomorrow, but early voting has been taking place for weeks. At stake is control of Congress, including the House of Representatives, where all 435 seats are contested, and the Senate, where approximately one-third of the seats are up for election. Farm...
Key Takeaways: Total U.S. crop acres (excluding hay) are forecast to expand fractionally this year due to greater oilseed crop and winter wheat plantings. One of the key drivers of this year’s crop outlook is input costs, and crops with a lower cost profile have an advantage in producers...
