U.S. farmers are being patient marketing old crop corn and soybean stocks amid ongoing weather concerns in the U.S. Cash soy crush margins are near record highs at $3/bushel, which is keeping basis firm and increasing competition between exporters and crushers. Brazilian weather trends are increasingly bullish, and the key corn-producing state of Mato Grosso is amid the driest April in 17 years. The rainy season ended early this year and precipitation has been scant since. Mato Grosso accounts for some 32 percent of total corn production, so the drought, which is intensifying as the crop pollinates, could have an outsized impact on the country’s production.
Outside markets were mostly higher at mid-week with U.S. equit...
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...
