It is now highly unlikely we will see any major changes to the U.S. corn and soybean production estimates in future reports. The early and rapid pace of those harvests should mean that today’s yield estimates were very accurateToday’s USDA production and WASDE (supply/demand) revisions were basically neutral, at least in terms of the numbers themselves. The markets, particularly soybeans, took a different view. They traded down 9-10 when the report was released, but were a dime higher 10 minutes later despite the fact ending supplies didn’t drop as much as pre-report expectations. Below is a summary of today’s U.S. numbers:Corn: As expected, USDA didn’t make much of an adjustment in the corn yield, but it adjusted the yield up a half-bushel...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
Key Takeaways: With the fall calf run now upon us, producers are finally getting a glimpse of what their realized profits will be for 2026. Some producers may have already obtained a strong estimate of 2026 revenues, especially if calves were forward sold in, for example, the mid-summer...
As fall begins, wild migratory birds are starting their seasonal migration. That has the industry and government officials worried about the potential spread, again, of highly pathogenic avian influenza (HPAI). Some members of Congress have called for the United States to be prepared for a pote...
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