Markets were stronger overnight, led by (of all things) wheat. There were several reasons for that strength last night and today, including the following:
Weather across the U.S. southern Plains remains warm to hot, dry and windy. Yields and the percentage of harvested acres are both going down. There are some weather concerns surfacing in the Black Sea region. It is dry across Brazil’s corn region. USDA announced the sale of 120,000 MT of soybeans to Argentina for MY 2018/19. Today’s crop progress report highlights the slow planting progress of spring wheat and corn as well as the poor conditions of the hard red winter wheat crop. There is some optimism that the U.S. team headed to China will make progress on the trade...
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...
