Talk of a new commodity supercycle largely involves big money centers like petroleum, with agricultural commodities along for the ride. After all, the nearby WTI contract traded over 11 times the amount of money today than did the counterpart corn contract. Crude oil continued its upward trajectory today, now up 32 percent on the year; soybeans are up 7.5 percent. But then OPEC controls a significant portion of the oil supply whereas Mother Nature is a large determinant of soybeans. USDA’s Export Sales report would have made it a very bearish day on the CBOT except South American weather continues its ugly pattern. Those looking for volatility and impending market changers are citing three upcoming reports out of USDA:
Mar...
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...
