The market chased the overnight lower closes and accelerated them as the trading day wore on. Exceptions were soyoil and pork, with the latter seeing robust demand both foreign and domestic. There were the usual contenders for bearishness, including the weather, the strong dollar, and harvest in full swing. However, two new inputs for the day made the lower direction hard to resist. First out of the chute was USDA’s weekly Export Sales report. Except for pork, there were some unimpressive numbers. The U.S. is uncompetitive, which is enough to encourage fund selling.
Next up was CONAB’s release of its latest forecast for Brazilian crop planting and output. Unlike the last campaign, this one is starting with some favorable 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...
