World Perspectives

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...

Today’s Top insights
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...

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 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...

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...

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...

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...

livestock farm-inputs

Shifts in Global Hunger

Key Takeaways:  The latest UN data shows solid progress reducing global hunger and food insecurity. The geography of hunger-affected people has shifted substantially, however, and Africa is now the most affected region. To understand why hunger patterns have shifted and what policy option...

livestock

Livestock Roundup: Cattle on Feed and Semi-Annual Inventory Report Preview

USDA’s monthly cattle on feed report for 1 July will be released tomorrow. Analysts’ pre-report consensus estimates are for the total inventory on feed to be 102.2 percent of last year. Those estimates imply an on-feed inventory of 11.327 million head. If accurate, that would be the...

Transportation Perspectives - 23 July

Key Takeaways: The situation in the Arab Gulf is little changed this week, which is to say it is a day-by-day – and sometimes hour-by-hour – judgment call as to what is or will happen. There are some vessels transiting the Strait of Hormuz, but transits are a fraction of what they...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 26 Corn closed at $4.8475/bushel, up $0.095 from yesterday's close.  Sep 26 Wheat closed at $7.0575/bushel, up $0.2775 from yesterday's close.  Nov 26 Soybeans closed at $12.39/bushel, up $0.1625 from yesterday's close.  Dec 26 Soymeal closed at $332.9/short ton, up $5.6 from...

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