The September WASDE report has now come and gone, and we are here to pick up the pieces. In general, the bears got to celebrate National Chocolate Milkshake Day. Here are the high or low points depending upon one’s position in the market:
Corn and soybean yields were not hurt as much as expected by this summer’s hot, dry conditions.
Despite rising insurance claims of both “prevented plantings” (up 0.7 percent for corn and 2.6 percent for soybeans) and lower planted plus failed acres (down 1.7 percent for corn and 1 percent for soybeans), harvested acres were higher than expected.
USDA did not lower yield and output as much as anticipated.
Corn carryover was raised by 19 million bushels, the...
What You Need to Know Today: The hot, dry weather forecast continues to drive strength in grain futures with corn and soybeans hitting another day of strong gains. Monday’s Crop Progress and Conditions data were in line with market expectations and showed relatively few concerns for the...
Yesterday we wrote about the Q1 GDP numbers and the June employment reports in an article entitled Real GDP for Q1 Relying on AI Buildout, Held Back by Consumer Spending. That article mentioned that consumer spending had become a drag on GDP. Nonetheless, real GDP in Q1 was revised upward to 2...
Key Takeaways: The Middle East and North Africa's arid climate and limited water resources have created a structural dependence on imported wheat. Government wheat tenders in major importing countries serve as important benchmarks for global trade, providing insight into exporter competitivene...
