The CBOT was mixed on Tuesday with wheat following through on Monday’s sharp rally after USDA announced 220 KMT of SRW sold to China for 2023/24. That, combined with growing commercial demand for HRW wheat and stronger Paris milling wheat futures helped wheat futures rally for the day. Corn tried to follow but hit technical resistance as harvest pressure and export woes undermine values. The soy complex was uniformly lower for the day with another day of large deliveries against soymeal hammering that market. Funds were net sellers in the soy complex while remaining flat corn and exiting a handful of their wheat shorts. Outside markets continued their existing trends on Tuesday with Treasury yields strengthening and pressuring...
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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...