Weather concerns and the impacts of the war in Iran helped push wheat and corn to sharp gains Tuesday, with both markets blowing past key technical resistance levels. The weather is now coupled with geopolitical tensions that look increasingly hard to resolve, which is giving funds the perfect...
The overarching concern for China is that the rising cost of energy will reduce global trade demand at the same time that countries are becoming more protectionist. Trump Visit to China President Trump’s visit to China is in just over two weeks, though some question whether the trip...
Jul 26 Corn closed at $4.755/bushel, up $0.0625 from yesterday's close. Jul 26 Wheat closed at $6.5775/bushel, up $0.28 from yesterday's close. Jul 26 Soybeans closed at $11.8925/bushel, down $0.0275 from yesterday's close. Jul 26 Soymeal closed at $327.4/short ton, down $0.4...
Mediterranean/Middle East/North Africa/Africa – MEA Region Tunisian researchers have been able to fully sequence the genomes of two local durum wheat types that have been grown in Tunisia for generations. They say that this “could be the key to developing more climate-resistant duru...
The overarching concern for China is that the rising cost of energy will reduce global trade demand at the same time that countries are becoming more protectionist. Trump Visit to China President Trump’s visit to China is in just over two weeks, though some question whether the trip...
Jul 26 Corn closed at $4.755/bushel, up $0.0625 from yesterday's close. Jul 26 Wheat closed at $6.5775/bushel, up $0.28 from yesterday's close. Jul 26 Soybeans closed at $11.8925/bushel, down $0.0275 from yesterday's close. Jul 26 Soymeal closed at $327.4/short ton, down $0.4...
Mediterranean/Middle East/North Africa/Africa – MEA Region Tunisian researchers have been able to fully sequence the genomes of two local durum wheat types that have been grown in Tunisia for generations. They say that this “could be the key to developing more climate-resistant duru...
Update for 6 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 ob...
Congress is moving forward with its FY 2027 spending bills, while also still working to address FY 2026 funding for the Department of Homeland Security, which is still in a shutdown. The House Agriculture-FDA Appropriations Subcommittee marked up and passed its FY 2027 bill. The House bill prov...
Update for 6 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 ob...
Beef packer margins improved to -$100/head last week, up $28 from the prior week as the Choice cutout stabilized following its brief post-Easter decline while fed cattle prices eased modestly. The cutout firmed to $384/cwt, while fed cattle prices slipped to $246/cwt, allowing packer margins to...
Friday’s CFTC report showed funds adding to net long position across the major ag futures contracts after a two week break as deteriorating negotiations in the Middle East and the emergence of weather concerns triggered risk-on buying. Funds bought 40,000 contracts (4.7 percent) to their...
Jul 26 Corn closed at $4.6925/bushel, up $0.0575 from yesterday's close. Jul 26 Wheat closed at $6.2975/bushel, up $0.13 from yesterday's close. Jul 26 Soybeans closed at $11.92/bushel, up $0.135 from yesterday's close. Jul 26 Soymeal closed at $327.8/short ton, up $8.7 from y...
The big picture for commodity markets is that imperfect weather and the lack of a peace deal in the Middle East are mandating that traders keep risk premia in prices. All other developments in ag futures stem in some way from these two factors, though the details of how, exactly, these factors...
The House will vote on the farm bill this Thursday. This afternoon, the House Rules Committee is meeting to consider the rule for the House’s consideration of the farm bill, specifically determining which amendments can and cannot be offered. There are a number of controversial amendments...
Anxiousness and Petulance The U.S. war with Iran has come down to endurance. Washington sees Iran getting squeezed as the blockade eventually causes Iran’s whole oil system to back up and be forced into shutdown. It is estimated that Kharg Island’s storage will be capped out in 12&n...
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