The overnight CBOT trade showed corn pushing lower while the soy complex traded modestly higher on hopes for positive outcomes from the U.S.-China trade meeting this week. That trend quickly reversed, however, as corn became the upside leader in the day session on technical buying. Corn’s...
While the MAHA report from Health and Human Services Secretary Robert F. Kennedy, Jr. still cites consolidation in the meat packing sector, Brazil’s competition regulator, the Administrative Council for Economic Defense (CADE), has approved a merger of two major Brazilian meat processors,...
Jul 25 Corn closed at $4.3875/bushel, up $0.0525 from yesterday's close. Jul 25 Wheat closed at $5.345/bushel, down $0.075 from yesterday's close. Jul 25 Soybeans closed at $10.5775/bushel, up $0.0175 from yesterday's close. Jul 25 Soymeal closed at $295.9/short ton, up $0.4 f...
Mediterranean/Middle East/North Africa/Africa – MEA Region Grain markets in the MENA region are quiet due to the Musim EID holidays that extends through 9 June. The FAO forecast Egypt to have above average grain crops in 2025, much of which is due to improved availability of high yi...
While the MAHA report from Health and Human Services Secretary Robert F. Kennedy, Jr. still cites consolidation in the meat packing sector, Brazil’s competition regulator, the Administrative Council for Economic Defense (CADE), has approved a merger of two major Brazilian meat processors,...
Jul 25 Corn closed at $4.3875/bushel, up $0.0525 from yesterday's close. Jul 25 Wheat closed at $5.345/bushel, down $0.075 from yesterday's close. Jul 25 Soybeans closed at $10.5775/bushel, up $0.0175 from yesterday's close. Jul 25 Soymeal closed at $295.9/short ton, up $0.4 f...
Mediterranean/Middle East/North Africa/Africa – MEA Region Grain markets in the MENA region are quiet due to the Musim EID holidays that extends through 9 June. The FAO forecast Egypt to have above average grain crops in 2025, much of which is due to improved availability of high yi...
New all-time highs in fed cattle prices caused beef packer margins to collapse again last week. Beef packer margins fell $97/head to -$299 – a new all-time low – as cattle procurement costs vastly exceeded beef sales revenue. The margin weakness comes near the seasonal peak in beef...
Calm Amidst Upheaval Data or surveys about attitudes or opinions are said to be “soft” data since they are emotive based and less reliable. Soft data in recent months had been signaling angst about the U.S. economy and Mr. Trump’s handling of it. Yet, hard data has reflected g...
New all-time highs in fed cattle prices caused beef packer margins to collapse again last week. Beef packer margins fell $97/head to -$299 – a new all-time low – as cattle procurement costs vastly exceeded beef sales revenue. The margin weakness comes near the seasonal peak in beef...
Except for the livestock futures, which all hit new contract or record highs, the CBOT was mostly lower to start the week with favorable weather and bearish chart conditions driving the sentiment. The index fund roll ticked off its second of five days on Monday, so spreads and volumes patterns...
Trade Negotiations Ramp Up The big story involves U.S. and Chinese trade negotiators meeting in London this week. Discussions lasted three hours today and resume tomorrow but no one sees agriculture being involved in the talks. Instead, the focus is on export controls where Beijing is limiting...
Update for 28 April 2025: Last year, users pointed out differences between the 5-year averages reported in this app and what USDA estimates in its weekly report. The difference exists because WPI calculates average based on the last 5 years of observations for the current week. In cases where o...
Jul 25 Corn closed at $4.335/bushel, down $0.09 from yesterday's close. Jul 25 Wheat closed at $5.42/bushel, down $0.1275 from yesterday's close. Jul 25 Soybeans closed at $10.56/bushel, down $0.0125 from yesterday's close. Jul 25 Soymeal closed at $295.5/short ton, down $0.2...
USDA’s delay of its quarterly agricultural trade report, and exclusion of its typical explanatory text, raised concerns because the moves raised questions about the objectivity of the data. The bottom line is that the trade is uneasy about USDA statistics now. USDA data is considered a go...
Corn Argentina’s corn harvest advanced 3.3 percentage points over the past week and reached 43.8 percent of the estimated area nationwide. Progress remains slow due to high grain moisture and inaccessible soils in some regions. Still, harvest pace is 8 points ahead of last year &mda...
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