The much-anticipated USDA WASDE report contained a lot of red (see table below) but all the major agricultural commodity contracts nonetheless managed to experience a green-light day. Corn, wheat and soybeans were all higher ahead of the report on the White House announcement that it would postpone imposing new tariffs on China. An improved export sales report (see table below), word of more export sales to come (Taiwan and China), plus short-covering helped set the tone for a stronger open ahead of the WASDE report. The report itself was bullish soybeans, bearish corn and neutral wheat.
The weather outlook for finishing the U.S. crop looks positive, but attention remains focused on dryness in some of Brazil’s key soybea...
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...
