World Perspectives

State of USMCA Talks: Progress with Mexico, Canada Stalled

On Saturday, 10 October, at a campaign rally in Clarksville, Tennessee, President Trump said that the U.S. and Mexico would come to terms on a new trade deal, and he said Canada does not need to be part of the deal. Trump called the coming agreement with Mexico “great” but gave no d...

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feed-grains soy-oilseeds wheat

Summary of Futures

Dec 26 Corn closed at $4.83/bushel, up $0.0325 from yesterday's close.  Dec 26 Wheat closed at $6.7225/bushel, up $0.0125 from yesterday's close.  Nov 26 Soybeans closed at $12.8775/bushel, down $0.0425 from yesterday's close.  Dec 26 Soymeal closed at $368.7/short ton, up $3.1 f...

feed-grains soy-oilseeds wheat

Mercosur Regional Analysis

Argentina Wheat Signs of El Niño are beginning to emerge across Argentina, with rainfall recorded across several key agricultural regions this week. The Core region's wheat crop has benefited particularly from these rains, alleviating previous moisture deficits and providing a firmer flo...

soy-oilseeds

WASDE Soybeans - October 2026

USDA’s October WASDE outlook for 2026/27 U.S. soybeans increased ending stocks by 5 million bushels to 315 million. Prices are unchanged for 2026/27. The U.S. season-average soybean price is forecast at $12.00 per bushel; soybean meal and oil prices are projected at $340 per short ton and...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 26 Corn closed at $4.83/bushel, up $0.0325 from yesterday's close.  Dec 26 Wheat closed at $6.7225/bushel, up $0.0125 from yesterday's close.  Nov 26 Soybeans closed at $12.8775/bushel, down $0.0425 from yesterday's close.  Dec 26 Soymeal closed at $368.7/short ton, up $3.1 f...

feed-grains soy-oilseeds wheat

Mercosur Regional Analysis

Argentina Wheat Signs of El Niño are beginning to emerge across Argentina, with rainfall recorded across several key agricultural regions this week. The Core region's wheat crop has benefited particularly from these rains, alleviating previous moisture deficits and providing a firmer flo...

soy-oilseeds

WASDE Soybeans - October 2026

USDA’s October WASDE outlook for 2026/27 U.S. soybeans increased ending stocks by 5 million bushels to 315 million. Prices are unchanged for 2026/27. The U.S. season-average soybean price is forecast at $12.00 per bushel; soybean meal and oil prices are projected at $340 per short ton and...

feed-grains

WASDE Corn - October 2026

USDA’s October WASDE outlook for 2026/27 U.S. corn increased ending stocks by 282 million bushels to 1.8 billion. The season-average corn price received by producers is lowered $0.10 per bushel to $4.70. 2026/27 global corn ending stocks are up 8.3 million tons to 280.4 million tons - pri...

The Decline of U.S. Wheat Export Dominance

Key Takeaways: The United States has steadily lost global wheat export market share since the 1970s, falling from the world's leading exporter to a projected fifth place in 2026/27. The rapid expansion of Black Sea wheat exports, driven by improved productivity and export infrastructure, has r...

feed-grains

WASDE Corn - October 2026

USDA’s October WASDE outlook for 2026/27 U.S. corn increased ending stocks by 282 million bushels to 1.8 billion. The season-average corn price received by producers is lowered $0.10 per bushel to $4.70. 2026/27 global corn ending stocks are up 8.3 million tons to 280.4 million tons - pri...

wheat

WASDE Wheat - October 2026

USDA’s October WASDE outlook for 2026/27 total U.S. wheat is increased ending stocks by 23 million bushels to 740 million – but USDA notes that this is still 20 percent below last year. The season-average farm price is lowered $0.10 per bushel to $6.30 per bushel.  2026/27 glob...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 26 Corn closed at $4.7975/bushel, down $0.205 from yesterday's close.  Dec 26 Wheat closed at $6.71/bushel, down $0.1225 from yesterday's close.  Nov 26 Soybeans closed at $12.92/bushel, up $0.045 from yesterday's close.  Dec 26 Soymeal closed at $365.6/short ton, up $8 from...

energy

A Dubious Diesel Deal

Key Takeaways:  On Friday afternoon, President Trump announced that Russia will “immediately supply over 300,000 Tons of Diesel Fuel” to the United States. The deal, typical of this administration, is light on details but promises an additional 500,000 tons in November and 1 m...

feed-grains livestock

WASDE Livestock and Meat Price Forecasts

The USDA has lowered its 2026 red meat production forecasts slightly while forecasting a slight increase in broiler production. Beef is now projected at 24.802 billion pounds, 75 million pounds less than in September. Cow slaughter is expected to be up; however, this will be offset by lower ste...

feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

Managed money was a net seller across agricultural markets for the third straight week, selling a net 43,000 contracts through Tuesday’s reporting deadline and reducing the combined net-long position to 911,000 contracts. Despite the modest overall selling, all three legs of the soy crush...

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