There were no shocks in today’s June USDA WASDE report, just tweaks that were generally within expectations. Corn, soybeans, soymeal, wheat, and cattle all pretty much settled in the same direction they were at just prior to the report’s release. It is important to note that USDA is not going to change its preliminary estimates for 2025/26 corn and soybeans until it gets the surveyed planted acreage numbers later this month.
USDA left most of its 2025/26 production estimates unchanged but there were some changes within the wheat classes. Winter wheat as a whole was raised 39 MBU, in line with market expectations, with HRW lowered slightly, and SRW and White raised slightly.
U.S. 2024/25 ending stocks were somewhat...
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...
