Wheat Argentina’s wheat harvest continues at high speed with 12 percent harvested this week. The total has now reached 45 percent of the planted area. Surprises are coming from the nucleus regions with yields above estimates, bringing an additional 430,000 MT to the area. Per Rosario Stock Exchange, the estimated volume for the nucleus region increased from 7.1 to 7.53 MMT - an all-time high. The primary reason for the yield increase is higher fertilizer application this year. So far, official crop estimates are still between 20.3-20.4 MMT, but WPI suspects the final crop will be bigger, likely near 21.2 MMT. The south of the Buenos Aires province hasn’t started harvesting yet, but the crop looks fine and average yields...
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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...