Grains traded quietly today with few traders willing to take, or build upon, positions ahead of Friday’s reports. Livestock futures were higher on short covering and oversold technical conditions. The market continues to wait for additional clarity on the trade situation, but little information is coming from either the Trump or Xi Administrations. The U.S. Drought Monitor showed drought conditions were largely unchanged this week versus last. Drought in the High Plains and Corn Belt states contracted slightly despite the recent heat. The biggest take away is that most of the crop-growing areas of the U.S. are in good condition and, at current levels, drought is not expected to limit production.
The weekly Export...
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...
