The war in the Ukraine has now entered year three, after initial predictions in February 2022 that it would last two weeks. As a general rule of thumb, the war has caused more anxiety over ag trade than actual disruptions. A good proxy for looking at what has happened is the trade in sunflower seed and oil, as the region is a major supplier. As WPI’s Black Sea Analysis this week noted, exports from Russia and the Ukraine remain strong. Further, as Gary Blumenthal wrote about the grain stocks and planting intentions reports, sunflower stocks were up and planting intentions are down dramatically.
Sunflower acres in North Dakota are down to the third lowest since records began in 1974. For the remaining produc...
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...
