World Perspectives

Cow-Calf Profit Outlook Riskier on Drought, Cost Pressures

Key Takeaways:  U.S. cow-calf producers are facing another year of record-breaking revenues and net returns for 2026, though rising cost pressures and pullbacks in cattle prices increase risks. Drought remains a key concern for much of the cow-calf industry this year, with rising feed cos...

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feed-grains soy-oilseeds wheat

Summary of Futures

Dec 26 Corn closed at $4.74/bushel, down $0.135 from yesterday's close.  Sep 26 Wheat closed at $6.6/bushel, down $0.18 from yesterday's close.  Nov 26 Soybeans closed at $12.1375/bushel, down $0.3975 from yesterday's close.  Dec 26 Soymeal closed at $324.1/short ton, down $11.1...

feed-grains soy-oilseeds wheat

Mercosur Regional Analysis

Wheat Argentina's wheat planting advanced another 5.7 percentage points over the past week, reaching 97.7 percent of the projected 6.5 million hectares despite persistent rainfall across the country's agricultural region. Planting is now complete in the western production areas and the Northern...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 26 Corn closed at $4.875/bushel, up $0 from yesterday's close.  Sep 26 Wheat closed at $6.78/bushel, down $0.1825 from yesterday's close.  Nov 26 Soybeans closed at $12.535/bushel, up $0.0975 from yesterday's close.  Dec 26 Soymeal closed at $335.2/short ton, up $3.3 from yes...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 26 Corn closed at $4.74/bushel, down $0.135 from yesterday's close.  Sep 26 Wheat closed at $6.6/bushel, down $0.18 from yesterday's close.  Nov 26 Soybeans closed at $12.1375/bushel, down $0.3975 from yesterday's close.  Dec 26 Soymeal closed at $324.1/short ton, down $11.1...

feed-grains soy-oilseeds wheat

Mercosur Regional Analysis

Wheat Argentina's wheat planting advanced another 5.7 percentage points over the past week, reaching 97.7 percent of the projected 6.5 million hectares despite persistent rainfall across the country's agricultural region. Planting is now complete in the western production areas and the Northern...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 26 Corn closed at $4.875/bushel, up $0 from yesterday's close.  Sep 26 Wheat closed at $6.78/bushel, down $0.1825 from yesterday's close.  Nov 26 Soybeans closed at $12.535/bushel, up $0.0975 from yesterday's close.  Dec 26 Soymeal closed at $335.2/short ton, up $3.3 from yes...

livestock

U.S. Cattle on Feed - July 1 2026

U.S. Cattle on Feed on July 1 totaled 11.4 million head, 2 percent above July 1, 2025.  Placements in feedlots during June totaled 1.40 million head, 3 percent below 2025. Marketings of fed cattle during June totaled 1.66 million head, 3 percent below 2025. Other disappearance totaled 50,0...

New World Screwworm: Phased Re-Opening of Mexican Border

USDA announced on Friday the coordinated, phased reopening of southern U.S.-Mexico livestock ports starting 24 August 2026, after more than a year of closures due to the spread of New World screwworm (NWS). Douglas, Arizona, will be the first port of entry to resume cattle trade on 24 August. T...

livestock

U.S. Cattle on Feed - July 1 2026

U.S. Cattle on Feed on July 1 totaled 11.4 million head, 2 percent above July 1, 2025.  Placements in feedlots during June totaled 1.40 million head, 3 percent below 2025. Marketings of fed cattle during June totaled 1.66 million head, 3 percent below 2025. Other disappearance totaled 50,0...

feed-grains soy-oilseeds wheat

Market Commentary: Black Sea Headlines Shake Wheat Markets

What You Need to Know Today: The Trump administration announced new tariffs of 10 percent to 12.5 percent on imports from 60 major U.S. trading partners as part of a Section 301 action aimed at combating forced labor in global supply chains. Countries that have agreed to adopt and enforce bans...

feed-grains wheat

Little Hope for Rumored Black Sea Civilian Vessel Agreement

Key Takeaways:  Grain futures pulled back sharply in overnight trade Friday on rumors that Ukraine proposed two possible options for ensuring civilian vessel safety in the Black Sea. Both Russia and Ukraine have recently targeted civilian vessels carrying oil and grain in the Sea of Azov...

livestock

Cattle on Feed and Cattle Inventory Reports

USDA’s monthly cattle on feed report was released today, along with the semi-annual cattle inventory report. The total number of cattle on feed in feedlots with a capacity of 1,000 head or more amounted to 11.4 million head, or 102 percent of last year. All cattle and calves totaled 94.2...

feed-grains soy-oilseeds farm-inputs

Section 301: A New Tariff Architecture

Just when we thought it was safe to step outside and enjoy some certainty in the world of international commerce, the Trump Administration announced on Thursday afternoon a barrage of tariffs on 60 countries based on its recent Section 301 investigations. Section 301 permits the executive branc...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 26 Corn closed at $4.875/bushel, up $0.0275 from yesterday's close.  Sep 26 Wheat closed at $6.9625/bushel, down $0.095 from yesterday's close.  Nov 26 Soybeans closed at $12.4375/bushel, up $0.0475 from yesterday's close.  Dec 26 Soymeal closed at $331.9/short ton, down $1 f...

feed-grains soy-oilseeds wheat

Market Commentary: Oil Surge, Weather Risks and Export Demand Drive Grain Market Strength

What You Need to Know Today: Oil prices surged today following reports of tanker attacks off the coast of Saudi Arabia by Houthi rebels and renewed U.S. threats to escalate military strikes against Iran, heightening concerns over potential disruptions to Middle East energy supplies. Brent crud...

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