What You Need to Know Today:
Declining crop conditions ratings and shaky results from the Pro Farmer crop tour sent grains sharply higher on Tuesday. The Pro Farmer tour in Ohio pegged the state yield at 180.18 BPA, about 5.5 BPA below the tour’s 2025 estimate. Similarly, the Pro Farmer tour found South Dakota corn yields near 149.09 BPA, down sharply from last year’s 174.18 BPA estimate. For soybeans, Pro Farmer estimated Ohio pod counts about 7 percent below last year and South Dakota pod counts down about 20 percent year-over-year. President Trump said there are neither ongoing nor scheduled negotiations with Iran. He further said the Strait of Hormuz is open and all mines have been swept but that the blockade against Iran r...
What You Need to Know Today: The G7 agreed to release 100 million barrels of crude oil and fuel reserves over four months, with a substantial diesel release front-loaded into the first 20 days. The announcement initially pushed crude oil lower on Friday, although it later recovered a portion o...
In a recent social media post, R-CALF unveiled its latest cattle market plan: “contracts that bind producers before establishing a base price, then tie that price to future negotiated cash transactions, should be prohibited.” That proposal aligns with recent legislation by Represent...
Key Takeaways: The recent pearl-clutching from parts of the beef industry regarding the loss of the daily Kansas fed cattle negotiated trade pricing report is overwrought and ignores the fact that the direction was readily apparent. The shift away from negotiated trade has been well docu...
