Talk of a new commodity supercycle largely involves big money centers like petroleum, with agricultural commodities along for the ride. After all, the nearby WTI contract traded over 11 times the amount of money today than did the counterpart corn contract. Crude oil continued its upward trajectory today, now up 32 percent on the year; soybeans are up 7.5 percent. But then OPEC controls a significant portion of the oil supply whereas Mother Nature is a large determinant of soybeans. USDA’s Export Sales report would have made it a very bearish day on the CBOT except South American weather continues its ugly pattern. Those looking for volatility and impending market changers are citing three upcoming reports out of USDA:
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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...
