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Summary of Futures

Jul 25 Corn closed at $4.455/bushel, up $0.03 from yesterday's close.  Jul 25 Wheat closed at $5.2475/bushel, up $0.075 from yesterday's close. ...

Pesticide Assault; WTO Attacks U.S.; African Future

Pesticide Assault The Wall Street Journal reported that RFK, Jr.’s intent to ban all pesticides is running into opposition from other officials in th...

Wheat Problem Areas

As noted yesterday, global wheat consumption has been growing faster than the expansion in production. Sometimes it takes non-agricultural researchers to l...

Black Sea Regional Analysis

Russian Grain Markets: 5 – 9 May 2025 Crop Outlook 2025 Russian analysts from IKRAR increased the wheat production forecast in Russia by 1.3 MMT to r...

Summary of Futures

Jul 25 Corn closed at $4.425/bushel, down $0.055 from yesterday's close.  Jul 25 Wheat closed at $5.1725/bushel, up $0.02 from yesterday's close. ...

Phase II Deal; EU Strategy; Mimicking EU

Phase II Deal U.S. Treasury Secretary Scott Bessent suggested that a phase-one deal may be a model for trade talks with China. It may be the only model tha...

Bearish Wheat Report, Bullish Foundation

USDA’s May WASDE report was perhaps surprisingly bearish wheat. Futures hit yet more new record lows again today. For the U.S., USDA found higher yie...

WASDE Soybeans - May 2025

USDA’s outlook for 2025/26 U.S. soybeans is for lower ending stocks: The U.S. share of global soybean exports is forecast at 26 percent - down from 2...

WASDE Corn - May 2025

USDA’s outlook for 2025/26 U.S. corn is for record supplies and total use: Higher ending stocks are expected to result from 15.8 billion bushels of c...

WASDE Wheat - May 2025

USDA’s outlook for 2025/26 U.S. wheat is for supplies to be up 2 percent from 2024/25 as higher beginning stocks more than offset lower production. T...

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