In truth, there is not much to analyze in USDA’s December WASDE. It contained no changes in estimated U.S. yields or corn and soybean production levels. Those will come as the final such estimates in the January WASDE. However, there were some changes in production estimates for other countries and the world as a whole along with numerous, albeit generally small, revisions to U.S. and world supply/demand estimates.
If there is a theme to this month’s WASDE, it is one of slightly higher ending stocks for both the world and the U.S. with the exception of the latter’s soybeans. Consider the following: - Estimated U.S. corn stocks of 1.781 billion bushels are up 45 million bushels, the net of a 50-million-bushel reduction...
What You Need to Know Today: Brazilian President Luiz Inácio Lula da Silva secured reelection on Sunday, defeating right-wing Senator Flávio Bolsonaro despite trailing in the first round of voting. The surprise victory triggered a sharp selloff in Brazilian financial market...
The 2026 midterm elections are a week from tomorrow, but early voting has been taking place for weeks. At stake is control of Congress, including the House of Representatives, where all 435 seats are contested, and the Senate, where approximately one-third of the seats are up for election. Farm...
Key Takeaways: Total U.S. crop acres (excluding hay) are forecast to expand fractionally this year due to greater oilseed crop and winter wheat plantings. One of the key drivers of this year’s crop outlook is input costs, and crops with a lower cost profile have an advantage in producers...
