USDA’s annual Outlook conference started today, and it held no surprises by affirming the likely outcome of the current corn/soybean price ratio and tighter overall farm income.
Farmers will plant more corn, netting record production, causing ending stocks to grow and the price to fall. They will plant the fewest soybeans since 2020, stocks will fall, but prices will still drop due to larger global supplies. Wheat area will edge up, along with stocks, but most things will stay the same including price, which falls less than one percent.
When added to President Trump’s renewed and expanded designation of import tariffs and a strong dollar, grain and oilseed markets continued their fall today. Today’s report i...
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...
