Action elsewhere was modest but there was large volume in the wheat pits with a second day in a row of strong closes. Corn and soybeans gained a few pennies but remain well off from their highs.
USDA’s Export Sales report affirmed the demand for U.S. crops. Old crop wheat sales were higher, corn exports were as expected after China’s large purchases, old crop soybeans were higher than expected and both meal and oil sales were up over the previous week.
The Biden Administration is concerned about inflation and especially in food prices, but it used the wrong policies to address the problem. Last week it proposed higher loan rates to try and address price risk but at half the levels already offered by the marketplace...
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...
