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: 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...
