The CBOT traded a generally bullish day with wheat futures forging a classic bullish day on the charts. Wheat futures opened higher, traded sharply lower to test support in yesterday’s chart gap, then settled higher after forging new contract highs. World wheat risks abound, and the only bearish concern seems to be what the Wheat Quality Tour will project for the HRW crop this week. Soybeans joined wheat on the rally as rumors abound (without USDA confirmation, so far) that China is again securing U.S. oilseeds. Monday’s NOPA crush report was also supportive and between $3 crush margins and likely Chinese buying, the market is pricing in further reductions in U.S. 2021/22 carry-out. Drought is a word increasingly common a...
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...
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