The weather is being watched carefully this time of year for any adverse impacts on the planting schedule but thus far it is progressing on time or ahead of the five-year average. In fact, the planting pace quickens each year. As one WPI client noted, seed coatings are very good and the saying is, “Plant in the dust, the bins will bust." As can be seen in the following graph, USDA’s five-year rolling average of planting progress reflects a pace that has been trending faster over time.
Using a five-year average helps temper the greater volatility from year to year. As shown in the following graph, the annual change in planting progress for corn and soybeans is much greater than the standard deviation using the five-year...
What You Need to Know Today: President Trump claimed the ceasefire between the U.S. and Iran was over, as both sides accused one another of violating the terms of the agreement. Commercial vessels are increasingly steering clear of the Strait of Hormuz as security risks escalate following Iran...
Key Takeaways: The CME Group is launching new 90 percent Lean Beef and 50 percent Lean Beef futures and options contracts in July. There are five key factors that must be present in physical markets and futures contract specifications for futures contracts to become successful. The two l...
Russian Grain Markets: 29 June-3 July 2026 The new marketing season has officially begun in Russia, although bearish sentiment has been concentrated in the southern regions closest to the Black Sea ports, where export demand has been weakest. Delays in grain deliveries to inland elevators have...
