Wheat Argentina’s wheat markets – and much of the world – remains focused on the weather issues plaguing the new crop, which will be harvested starting in November. The rains are not coming for Argentina’s wheat belt and conditions continue to deteriorate in most of the country. Moreover, there were fields last week that suffered frost and the stress is only magnified by the presence of drought. According to the Buenos Aires Grain Exchange, only 17 percent of Argentina’s wheat crop is rated good/excellent, and 26 percent of the crop is in poor/very poor condition. Additionally, 35 percent of the crop is in soils with poor/dry conditions.
The core wheat zone and the north of the country each need rai...
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...
