What You Need to Know Today:
Pro Farmer’s crop tour pegged the 2026 U.S. corn crop at 173.2 BPA and anticipated a 15.344 Bbu crop – both figures well below expectations. Pro Farmer forecast 2026 U.S. soybean yields at 53.3 BPA, above most private estimates and USDA’s August WASDE, and forecast a 4.572-Bbu crop. The EU’s MARS crop monitoring unit forecast the 2026 EU corn yield at 6.61 MT/ha, down from the 6.93 MT/ha forecast last month. Russia attacked another vessel in Ukraine’s Black Sea port over the weekend, but Ukrainian President Zelenskiy said three or four vessels daily are still entering the country’s ports, despite the attacks. Saudi Arabia’s state shipping company said one of its vessels...
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...
