Wheat The outlook for wheat continues to get more complicated with rains failing to arrive and temperatures beginning to rise, thus increasing the crop's water requirements. Some light rains fell at the end of the weekend, but fields generally have very little water, with insignificant or insufficient moisture reserves in most of the wheat area.
The drought is sufficient to have some analysts already discussing a wheat crop of 17-17.5 MMT, which sounds optimistic to WPI, unless there is a radical change in precipitation patterns in the coming days. The crop in the core zone is the most affected, and the share of wheat fields rated in regular/bad condition rose from 54 percent last week to 70 percent this week. In some...
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...
