After hitting new contract lows in corn and wheat again today, there was a turnaround led by wheat. However, without any change in the underlying fundamentals, it is difficult to call it new support. Since last Friday’s January WASDE report, March corn is down 13.75 cents, March soybeans have lost 23 cents, and March SRW is 18.25 cents lower.
There remain some hiccups in the transportation sector. Little can be done about lower water levels for the Panama Canal, but Egypt should be supporting U.S. and UK efforts against the Houthis. Cairo receives 10 percent or more of the government’s revenues from Suez operations, and they are down 40 percent due to war risk. The weekly USDA Export Sales report will be released...
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...
