Regional News Europe’s weather is trending warm and dry for the next two weeks but that is only likely to aid crop development after a cool start to the growing season. Most of the region’s wheat and barely crops are in excellent condition while areas where maize is struggling will benefit from warmer temperatures. Eastern Europe and western Ukraine will remain dry this week while western Europe sees widespread showers. Rains return for nearly the entire continent next week, which will aid in refilling soil moisture. Milling Wheat World and European wheat markets are mostly lower to start the week after USDA raised its assessment of the 2021 global wheat crop last week. The agency increased world production...
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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...