Thursday’s release of USDA’s weekly Drought Monitor report reinforced that new crops in the ground could begin to feel some stress. The report showed abnormally dry conditions throughout most of the U.S. production zone.
The early season dryness could really impact corn, which is why new crop futures spiked higher even as July corn lost value. The heat and dryness could get some relief from scattered storms and thunderstorms, but they are scattered.
USDA’s weekly Export Sales report is delayed until tomorrow due to this past Monday’s federal holiday. At the macro level, a new report shows China’s manufacturing sector may not be contracting after all. Financial markets continued to react posit...
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...
