The USDA’s quarterly stocks and planting intentions numbers will be released on Thursday. Given the volatile situation globally, drought impacts, and high input costs, these will be especially important reports this year. Recall that last year’s report was quite bullish; within an hour of the report’s publication, soybean and corn were up their respective daily market limits. The planting intentions are surveyed starting in February and show the results as it is wrapped up as of 1 March. The ProFamer/Doane’s survey conducted earlier this month showed an expected drop in corn and increase in soybeans compared to actual acres planted (per WASDE).
The pre-report estimates show corn down 1.5 million acres and s...
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
On Friday, at 6:57 AM, President Donald Trump announced, via a social media post, a 90-day window during which up to 300,000 metric tons of product for ground beef could be imported outside of tariff-rate quotas—a move aimed at bringing down costs for American consumers. This is the secon...
