The CBOT started the day on a strong note and tried to capitalize on Tuesday’s strength but faltered and ended lower after updated weather models showed meaningful rains for Argentina and southern Brazil in the next two weeks. This week remains relatively dry, but the EU and GFS models show a strong storm system moving in starting early next week and intensifying into February. That caught funds by surprise and sparked a round of position liquidation and short covering in the grain markets. Aside from the South American weather forecast, there was little fundamental news to help guide markets on Wednesday, leaving the rainy forecast to keep futures moving lower.
Uruguay’s Agriculture Minister Fernando Mattos said the co...
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...
