Not totally that bad if you were betting short, or like livestock. But let’s count the ways:
New contract low in corn New contract low in soybean meal New contract low in HRW New contract low in HRS New contract low in Paris wheat
What caused all of these exits? First and foremost was USDA’s forecast at its annual Outlook Conference. Basically, historically large carryover stocks for corn, wheat, and soybeans. The expected planted acres were not too surprising:
Corn: 91 million acres, down 3.8 percent Soybeans: 87.5 million acres, up 4.7 percent Wheat: 47 million acres, down 5.2 percent
There is some caution in that the corn-soybean ratio is small enough that farmers wanting to stay in their normal rotation m...
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...
