GOOD MORNING, The Feb. WASDE will be released at 11:00 central time. Typically, it is not a trend changer, but given implied tighter carry-out numbers, this report could impact the market. Major themes include possible lower ending stocks, possible lower world South American crop numbers, and higher export numbers. Traders will also be keeping an eye on China's domestic corn supply numbers to see if the USDA is too high. If these all come to fruition, it will justify long positions held by funds that include an estimated 395K corn, 185K beans, 120K soyoil, 75K meal, and 20K wheat. As it stands, stocks for corn and beans are at their lowest point since 2014, with world-wide demand strong. Glo...
What You Need to Know Today: Markets got a surprise with a corn yield of 181.2 bushels/acre in the October WASDE, above the average estimate of 177.6 bushels/acre and up from USDA’s September estimate of 178.5 bushels/acre. Although stronger demand is expected to absorb some of the addit...
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...
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...
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Accountability and a comprehensive approach to export programming
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