The May WASDE brought the market its typical volatility with corn trading both green and red numbers while soybeans jumped higher only to be brought lower by trade worries. Wheat received a mostly bearish report and futures reacted accordingly. Below are some charts summarizing key points from the latest WASDE.
The Export Sales report featured corn net sales and exports that were above what was needed this week to meet USDA’s 2017/18 projections. Soybean sales exceeded their needed volumes while exports failed to achieve this market. Wheat sales and exports were less than needed, lending a bearish tint to the report.
Outside of CME/CBOT contracts, U.S. equities are slightly higher today, with the S&P 500...
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...