Rebalancing from last Friday’s USDA Acreage report appears to now be complete as corn and soybeans traded places and wheat flounders sideways. On the bearish side, U.S. prices continue to sit on the global high side, stifling the export trade. Still bullish is suboptimal moisture levels in key production areas. Overall, the situation should now shift to something less volatile.
That is assuming the improved trend in weather holds up. Today’s Drought Monitor report showed the improved moisture conditions in Illinois and Indiana, but worsening soil moisture deficits in Missouri, Minnesota, and Wisconsin.
There is a series of ridges bringing cooler air down from Canada and stimulating rainfall that mostly benefits south...
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...
