Soybean futures gapped upward in the Sunday evening session, trading 10-12 cents higher most of the night. The March contract traded right to $10.20, which is considered major technical resistance. The driver is weather across southern Brazil and Argentina. It continues to be dry there with little apparent relief in sight through the next two weeks (see eight-14 day precipitation map below).
This weather pattern has once again resurrected talk about a La Nina. Some chatter focuses on the potential for one to develop, and others say that a La Nina is already underway with the effects now just depending on the degree or strength. Such a weather event occurs when the sea surface temperatures (SSTs) between Australia and Peru turn cooler tha...
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...
