Chicago was pressured lower today by three key factors:
Badly needed rain dropping this weekend.
Crop tour reports of better yields.
Bearish macro-markets that were in turn pressured lower by concerns about the spread of the Delta COVID variant and Federal Reserve tapering of liquidity stimulus.
Rain makes grain and concurrently causes prices to fall. Right now, the forecast should give a boost to northern Plains/Canadian crops that otherwise have had an unpleasant summer. Volume was mixed with higher participation in the soy complex and HRS, with lower volumes in corn, plus HRW and HRS. It was a beat-down day with intra-day lows breaking through support levels and staying that way at the close ex...
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...
