The beef sector experienced a week of record-breaking prices, and depressed packer margins for the week ending 1 August. Live cattle were a record $244.41...
Articles
Summary of Futures
Dec 25 Corn closed at $4.07/bushel, up $0.0575 from yesterday's close. Sep 25 Wheat closed at $5.1825/bushel, up $0.0975 from yesterday's close. ...
Market Commentary: Mixed Day Awaiting New Inputs
There were few fundamental inputs, but today’s agricultural futures markets established new contract lows for corn, SRW and HRS. There was a new cont...
VAT Versus Trump Tariffs; MAHA Win?
VAT versus Trump Tariffs Most imports into the U.S. will face an average 15 tariff under Trump trade policy. Critics and news reports warned of disastrous...
Summary of Futures
Dec 25 Corn closed at $4.0125/bushel, down $0.0075 from yesterday's close. Sep 25 Wheat closed at $5.085/bushel, up $0.0025 from yesterday's close.&n...
Black Sea Regional Analysis
Russian Grain Markets: 28 July – 1 August 2025 The harmonizing of July old crop and new crop pricing is coming to an end. As harvesting continues wit...
Market Commentary: Pushing Toward New Lows on Bearish Supplies
There was higher volume today trading corn and hogs, and lower volume in the soy complex and SRW. New contract lows were printed for corn, SRW, and H...
Infuriating Ingratiation; Soul Crushing Jobs
Infuriating Ingratiation Based on European press reports, the terms of the transatlantic trade deal (see Tariffs as a Tax) are less objectionable than the...
Summary of Futures
Dec 25 Corn closed at $4.02/bushel, down $0.05 from yesterday's close. Sep 25 Wheat closed at $5.0825/bushel, down $0.085 from yesterday's close.&nbs...
Snacking Turmoil
There are a lot of issues working against the snack world right now from tariffs to cocoa and sugar prices, to the Make America Healthy Again (MAHA) ban on...
Middle East, Mediterranean, and Africa Regional Analysis
Mediterranean/Middle East/North Africa/Africa – MEA Region Sri Lanka’s cereal imports in 2025 are seen increasing by about 10 percent to 1.6 MM...
Summary of Futures
Dec 25 Corn closed at $4.07/bushel, down $0.0375 from yesterday's close. Sep 25 Wheat closed at $5.1675/bushel, up $0 from yesterday's close. N...
Market Commentary: Steady Eddie Back to Work
It was a contrast of a mostly higher day but with new contract lows for corn and all three wheats. Corn wilted from private forecasts of big yields, and ex...
Politics of Tariffs; Tariffs as a Tax
Politics of Tariffs The U.S. Court of Appeals for the Federal Circuit in Washington heard legal arguments last week regarding Donald Trump’s use of t...
Mercosur Regional Analysis
Weather Disrupts Argentine Corn Harvest Heavy rains have compounded weeks of high humidity in Buenos Aires province, marking July as the wettest in t...
USDA Reorganization
USDA has opened a comment period on its agency reorganization plan. Comments will be accepted until 26 August. The plan is similar to that of the first Tru...
Market Commentary: Continued Edging Lower on Big Supplies
It was a mixed and quiet close to the market after a week of mostly price declines. There were new contract lows scored by front month SRW and HRS. Soybean...
Tariffs, Mexico Extension, Federal Reserve, and Jobs Report
President Trump signed an executive order yesterday unveiling a massive overhaul of U.S. tariff policy, introducing a series of new tariff rates for U.S. t...
Summary of Futures
Dec 25 Corn closed at $4.1075/bushel, down $0.03 from yesterday's close. Sep 25 Wheat closed at $5.1675/bushel, down $0.065 from yesterday's close.&n...
How Will Soybeans’ Uncertain Outlook Affect Other Commodities?
November soybean futures’ recent move below the psychologically important $10.00 threshold has triggered concerns about weakness there affecting othe...
WPI Grain Transportation Report
Dry Bulk Markets The dry bulk market rally of the past two weeks has ended with rates turning softer this week. The Capesize sector – which lea...
Export Sales
Export Sales and Shipments for July 18-24, 2025 Wheat: Net sales of 592,100 metric tons (MT) for 2025/2026 were down 17 percent from the previous week, but...
Market Commentary: New Highs and Lows, Mixed Volume and Results
December corn closed higher for a second session in a row, no doubt aided by the daily export sales reported by USDA. By contrast and since its recent high...
Livestock Roundup: Cage-Free Egg Trend Complicates HPAI Recovery
USDA released its Egg Products report yesterday. Shell eggs broken totaled 199 million dozen during June 2025, down 2 percent from June 2024, but 2 percent...