The May WASDE brought the market its typical volatility with corn trading both green and red numbers while soybeans jumped higher only to be brought lower by trade worries. Wheat received a mostly bearish report and futures reacted accordingly. Below are some charts summarizing key points from the latest WASDE.
The Export Sales report featured corn net sales and exports that were above what was needed this week to meet USDA’s 2017/18 projections. Soybean sales exceeded their needed volumes while exports failed to achieve this market. Wheat sales and exports were less than needed, lending a bearish tint to the report.
Outside of CME/CBOT contracts, U.S. equities are slightly higher today, with the S&P 500...
What You Need to Know Today: USDA reports are delayed until Tuesday due to the federal holiday on Monday. Over the weekend, President Trump announced a ceasefire between Russia and Ukraine. Russia warmly welcomed and confirmed this ceasefire by conducting more strikes against Ukraine. Specific...
On Saturday, 10 October, at a campaign rally in Clarksville, Tennessee, President Trump said that the U.S. and Mexico would come to terms on a new trade deal, and he said Canada does not need to be part of the deal. Trump called the coming agreement with Mexico “great” but gave no d...
Key Takeaways: The United States has steadily lost global wheat export market share since the 1970s, falling from the world's leading exporter to a projected fifth place in 2026/27. The rapid expansion of Black Sea wheat exports, driven by improved productivity and export infrastructure, has r...