Volume was generally lighter (except for HRS) as a technically over-bought market took advantage of a correction for profit-taking. Right now it is all about trust in the weather forecast. Rains have been good in western Canada and the southern U.S. but they remain spotty for the American Corn Belt. Brazil is receiving favorable rains and a chance of frost is very low. There is an improving weather pattern in Europe with showers hitting some drier areas. However, the heat will persist across northern and western Europe with the Iberian hit hard by extreme temperatures. Analysts’ estimates for tomorrow’s USDA Export Sales report put expectations at more old crop corn washouts and good soymeal sales.
Outside markets received w...
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...
