Yesterday’s “derecho” weather event that brought hurricane-force winds to parts of Iowa, Illinois, Wisconsin, and Indiana likely caused 200-400 million bushels of lost corn production. Some estimates suggest the event may have lowered the U.S. national corn yield by as much as 2 bushels/acre. The wind also reportedly toppled grain bins, causing concerns about the volume of on-farm storage available this fall. Iowa’s agriculture secretary noted some of the damaged corn will “still make a crop this fall”, but that harvestable quantities cannot be estimated presently.
The CBOT started higher on Tuesday with that backdrop supporting corn and soybean futures. Wheat futures were higher on a combination of su...
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...
