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Export Sales

Export Sales and Shipments for August 1-7, 2025.  Wheat: Net sales of 722,800 metric tons (MT) for 2025/2026 were down 2 percent from the previous wee...

Market Commentary: Another Day in a Sea of Red

After a three-day rally, the soybean complex drifted lower, wheat continued its bearish decline, and corn miraculously escaped another day of damage. ...

Livestock Roundup: WASDE Shows Protein Production Mostly Down

Red meat and poultry production total estimates were down for August in the latest WASDE report. Beef production for the year was estimated at 25.926 billi...

Summary of Futures

Dec 25 Corn closed at $3.9725/bushel, up $0.0275 from yesterday's close.  Sep 25 Wheat closed at $5.0725/bushel, up $0.0225 from yesterday's close.&nb...

BRICS Unload; Pity the European Farmer; Policy Shorts

BRICS Unload President Trump has slow walked or balked at negotiating trade agreements with Brazil, India and South Africa. The supposed reasons include un...

Black Sea Regional Analysis

Russian Grain Markets: 4 – 8 August 2025 The speed of the harvesting campaign was the key price driver. Improved harvesting pace in the Centre and Bl...

Consumption Taxes; Food Costs and Adaptation

Consumption Taxes This analyst erroneously implied that value added taxes are cumulative through the supply chain when in fact any VAT paid on an input is...

WASDE Soybeans - August 2025

USDA reduced their estimate for U.S. soybean production for 2025/26 to 4.3 billion bushels, down 43 million. U.S. ending stocks are forecast at 290 million...

WASDE Corn - August 2025

USDA’s first survey-based corn yield forecast is a record 188.8 bushels per acre, which is 7.8 bushels higher than last month’s projection. U.S...

WASDE Wheat - August 2025

USDA increased their estimate for U.S. wheat exports by 25 million bushels to 875 million on the continued strong pace of sales and shipments, particularly...

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