This week’s USDA WASDE and production estimates were not quite as bearish as they might have been for the following reasons:
The corn and soybean yield estimates were not changed, but they could be revised in August based on the current excellent crop ratings coupled with a very good-looking weather forecast through the balance of July. Corn and wheat export forecasts were raised slightly, offsetting larger crop forecasts that resulted from increases in the planted acreage estimates.
Where do we go from here? The direction of the soybean market will continue to be a limiting factor on the grains. The most important change was the 250-million-bushel (6.8 MMT) reduction in the soybean export forecast because of the Chinese tariff...
Markets are caught between reasons to keep selling and reasons to take another look. Fund liquidation and renewed peace talks are pressuring grains, while fresh export business and some diesel relief offer encouragement. Corn recovered nearly 10 cents from its low to finish higher, while soybea...
Key Takeaways: President Trump announced $8 billion in additional agricultural assistance through the Harvest Fuel Relief Program, as USDA projects farm fuel and oil expenses will increase 28.8 percent in 2026. The package follows $12 billion in earlier relief, while government farm payments w...
Key Takeaways: A student group from the University of Chicago is protesting to bring back onion futures trading. Trading in onion futures was banned in 1958 following a spectacular bout of market manipulation that resulted in a corner of the physical market. The ban on onion futures led t...
