Note: Grain and soy futures markets (and WPI) are closed tomorrow, 29 March, for the Good Friday holiday. They will reopen Sunday evening.
General Comments Traders generally approached today's quarterly stocks and planting intentions reports with a bullish bias, but USDA's reports were distinctly bearish. A detailed analysis of the report numbers was not required to reach bearish conclusions. The reports were issued at 12 p.m. EDT. As soon as 1 March corn stocks of 5.4 billion bushels flashed across screens a nano-second later, electronic sell orders flooded into the market, pushing corn prices down the 40-cent daily trading limit within seconds. The "get me out" mentality was overwhelming. Corn stocks that were about 400 million bu...
What You Need to Know Today: Cattle futures extended their sharp selloff Friday as weakening cash cattle prices, deteriorating feedlot profitability, and reduced packer demand continued to weigh on the market. The inability of futures to sustain a rally following last week's bullish Cattle on...
Key Takeaways: WPI’s new EU rapeseed crushing margin models point to weaker processing returns over the next four months due to higher rapeseed procurement costs and weaker product values. Statistical forecasts call for German crushing margins to decline from €181/MT to €...
Key Takeaways: The tariff burden rose sharply in 2025 and 2026: the effective rate on imports in HTS Chapters 1–24 increased from 1.53 percent in 2024 to 6.11 percent in 2025, before averaging 5.68 percent in January–August 2026. Headline rates tell only part of the story: exemptio...
