Markets have no shortage of headlines today, but the reaction depends on what sits underneath them. Strong economic growth comes with renewed inflation pre...
Articles
DDGS Price Outlook Turns Bullish
Key Takeaways: DDGS prices have been pushing higher this summer as corn, soybean meal, and other feedstuff values have surged amid strong export dem...
China’s Push for Corn Self-Sufficiency
Key Takeaways: China has made significant progress toward corn self-sufficiency, with production projected to reach a record 307.0 MMT in 2026/27 while im...
Black Sea Regional Analysis
Russian Grain Markets: 14–18 September 2026 The Russian grain market remained bearish during the second week of September, although the market is att...
Summary of Futures
Dec 26 Corn closed at $5.3675/bushel, down $0.0625 from yesterday's close. Dec 26 Wheat closed at $7.1725/bushel, down $0.095 from yesterday's close...
Market Commentary: Politics Drives Turnaround Tuesday
What You Need to Know Today: Cattle futures crashed on social media rumors that ICE raided one or possibly three fed cattle packing plants in Kansas Monda...
Soymeal Holds Its Value in an Oil-Driven Crush Market
Key Takeaways: The expansion of biofuel-driven soybean crushing was expected to increase soymeal supplies and pressure prices as soyoil became a larger dr...
Livestock Industry Margins
Beef packer margins improved to $176/head last week, up $19 from the prior week as the Choice cutout edged higher while fed cattle prices eased. The cutout...
Fed’s Warsh Defies Trump on Short-Term Monetary Policy Move
Last week, the Federal Reserve’s Federal Open Market Committee (FOMC) raised the federal funds rate by 0.25 percentage point to a target range of 3.7...
Middle East, Mediterranean, and Africa Regional Analysis
Mediterranean/Middle East/North Africa/Africa – MEA Region Egypt is reported to be facing shipping delays for grain from Ukraine through Danube ports...
Summary of Futures
Dec 26 Corn closed at $5.43/bushel, up $0.155 from yesterday's close. Dec 26 Wheat closed at $7.2675/bushel, up $0.125 from yesterday's close. ...
Market Commentary: CBOT Posts Bullish Technical Day ahead of Trump-Xi Meeting
What You Need to Know Today: Grain markets were sharply higher overnight and through the day session as the concerning wet weather pattern persists over t...
Higher Interest Rates Put More Pressure on Farm Margins
Key Takeaways: Higher interest rates increase the cost of financing agricultural production, reducing farm margins without providing any corresponding inc...
Senate Moves Farm Bill, but That May Be Not Enough
Last week, the Senate Ag Committee passed the farm bill on a party-line vote upon the return of Senators Mitch McConnell (R-Kentucky) and Tommy Tuberville...
Mercosur Regional Analysis
Argentina Corn Argentina’s 2026/27 corn planting has reached 11.1 percent of the projected 8.4 Mha, according to the Buenos Aires Grain Exchange, adv...
CFTC COT Report Analysis
Managed money was a slight net seller across agricultural markets in the latest CFTC report, with funds selling a net 3,000 contracts through last Tuesday&...
Cattle on Feed - Sep 2026
U.S. Cattle on Feed totaled 11.2 million head on September 1, 2026 – which was 1 percent above September 1, 2025. Placements in feedlots during Augus...
Summary of Futures
Dec 26 Corn closed at $5.275/bushel, down $0.03 from yesterday's close. Dec 26 Wheat closed at $7.1425/bushel, down $0.1275 from yesterday's close.&n...
Market Commentary: Soymeal Pulls Back, Bullish Cattle on Feed
What You Need to Know Today: The September Cattle on Feed report was strongly bullish, with both the 1 September on-feed inventory and August placem...
Cattle on Feed Report: Lowest August Placements and Marketings on Record
USDA’s September cattle on feed report was released Friday, with the total number of cattle in feedlots with 1,000 head or more capacity amounting to...
U.S. Goat Meat Market: Import Growth Outpaces a Slowly Rebuilding Domestic Herd
Key Takeaways: The U.S. herd is stabilizing, but growth remains modest. Total goat inventory rose 1 percent in 2026, while meat-goat numbers increased 2 p...
Fertilizer Shock: Concentration, Competition and the Cartel Question
What You Need to Know: U.S. fertilizer production is highly concentrated, but concentration alone does not establish that producers are operating as a car...
Summary of Futures
Dec 26 Corn closed at $5.305/bushel, down $0.0375 from yesterday's close. Dec 26 Wheat closed at $7.27/bushel, down $0.0375 from yesterday's close.&n...
Market Commentary: The Dust Settles
Given yesterday’s headlines, today’s market action may not be what many expected. The dollar is little changed, crude oil is pulling back and s...
Managed Money Makes a Record Bullish Bet on Agriculture
Key Takeaways: Managed money is holding more than one million net-long contracts across agricultural markets, with corn, soybeans, and soymeal all reachin...
Livestock Round Up: USDA Plans to Expand Small and Very Small Beef Processors
Under an Executive Order on 4 September, USDA announced $50 million in new funding to help states establish or expand meat and poultry inspection programs...
Another Try at Ag Labor Legislation
What You Need to Know: H-2A has become a principal agricultural labor channel: certifications increased from fewer than 117,000 in 2014 to 398,258 in 2025...
Summary of Futures
Dec 26 Corn closed at $5.3425/bushel, down $0.015 from yesterday's close. Dec 26 Wheat closed at $7.3075/bushel, up $0.0225 from yesterday's close.&n...
Market Commentary: Markets Digest Fed Hike as Trade Takes Center Stage
What You Need to Know Today: As was widely expected, the Federal Reserve raised interest rates by 25 basis points to a target range of 3.75–4...
USDA Reports - The Real Divide in American Agriculture Isn't Who Has the Data — It's Who Can Afford to Read It
Key Takeaways: USDA data access is equal; the ability to use it is not. Larger operations can afford experts who turn public reports into business decisio...
Black Sea Regional Analysis
Russian Grain Markets: 7–11 September 2026 During the first week of September, the Russian grain market remained volatile but predominantly bearish...
Summary of Futures
Dec 26 Corn closed at $5.3575/bushel, up $0.025 from yesterday's close. Dec 26 Wheat closed at $7.285/bushel, up $0.065 from yesterday's close. ...
Market Commentary: Soymeal Prices Reach Two-Year High
What You Need to Know Today: Oil prices extended their rally Tuesday as disruptions to global supplies intensified. Saudi Arabia halted crude loadings at...
WASDE Livestock and Meat Price Forecasts
The USDA has lowered its 2026 red meat production forecasts while leaving poultry almost unchanged. Beef is now projected at 24.877 billion pounds, 90 mill...
Middle East, Mediterranean, and Africa Regional Analysis
Mediterranean/Middle East/North Africa/Africa – MEA Region Egypt’s grain imports have fallen off in recent weeks due to several reasons, accord...
Livestock Industry Margins
Beef packer margins deteriorated to $156.75/head last week, down $46.05 from the prior week as fed cattle prices strengthened while gains in the Choice cut...