Record soybean yields and soybean markets that have held relatively strong have turned the Corn Belt (and northern Plains) farm economic outlook from grim to at least break-even. That prediction is of course only applicable to those acres planted to soybeans.What is wheat really worth? That’s a very good question. WPI has written often recently about another giant world wheat crop this year as well as how a much larger share of it is not milling quality and must find a home in feed channels. That will be tough with corn supplies also building. Below are examples of actual cash prices that farmers are receiving for a few different classes of wheat:
Western Kansas hard red winter wheat: $2.70/bushel ($99/MT). Northern Plains hard red spri...
Key Takeaways: Dry bulk markets remain mixed with Capesize vessels seeing continued pressure from weaker demand while fixtures and rate strength gradually increases towards the smaller vessel classes. Tanker markets are pulling back from their recent highs as tonnage moves out of the Mid...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
Key Takeaways: Texas illustrates the assumptions underlying the 2025 FMMO reform; Idaho exposes their limitations. The Southwest order blend (roughly 27 percent Class I, 32 percent Class III and 31 percent Class IV) exposes Texas producers to every lever USDA adjusted, with a near-neutral proj...
