Bears were in control of the CBOT on Tuesday and sent corn, soybeans, and wheat all lower with several significant technical developments. Fresh fundamenta...

May 25 Corn closed at $4.5775/bushel, down $0.0675 from yesterday's close.  May 25 Wheat closed at $5.4325/bushel, down $0.05 from yesterday's close.&...

U.S. manufacturing energy consumption has continued to increase, according to the EIA’s recently released survey results for 2022. The agency conduct...

Transatlantic Provocations No one knows what to fully expect on 2 April and the launch of President Trump’s “Liberation Day.” Bill Reinsc...

Mediterranean/Middle East/North Africa/Africa – MEA Region Morocco’s rainfall has increased this year after the last two/three years of drought...

The big story in livestock industry margins continues to be the record-breaking weakness in beef packer profits, which fell another $50/head last week to -...

The CBOT saw a mostly quiet day to start the week with grains and the oilseed complex trading mostly sideways as traders await shifts in demand or any upda...

Hill Trade Advice:  The U.S. House Ways & Means’ Trade Subcommittee holds a hearing tomorrow on American trade negotiation priorities. Witne...

May 25 Corn closed at $4.645/bushel, up $0.0025 from yesterday's close.  May 25 Wheat closed at $5.4825/bushel, down $0.1 from yesterday's close. ...

The U.S. has imposed tariffs widely against a host of trading partners, and those partners have retaliated with duties of their own. AgWeb's March monthly...

Corn Market  Thanks to a week of minimal rainfall across Argentina’s agricultural region, the corn harvest is gaining momentum. Weekly progress...

The fundamentals are unchanged but there is a cloud overhead due to the impending tariff war and the headwinds that portends. So, the market today and all...

U.S. Cattle on Feed in U.S. feedlots with capacity of 1,000 or more head was 11.6 million head on March 1, 2025. The inventory was 2 percent below March 1,...

USDA released the monthly Cattle on Feed report today. The total inventory in feedlots of 1,000 head or more capacity is 11.6 million head, 98 percent of l...

May 25 Corn closed at $4.6425/bushel, down $0.0475 from yesterday's close.  May 25 Wheat closed at $5.5825/bushel, up $0.01 from yesterday's close.&nb...

Southern Plains cow-calf producers saw excellent profitability in 2024, which, by some measures, was the best in history. Current prices indicate that 2025...

Wheat was the ball and chain while corn was the balloon in today’s trading. The weekly USDA Export Sales report from USDA was notable for wheat with...

Export Sales and Shipments for March 7-13, 2025   Wheat: Net sales reductions of 248,800 metric tons (MT) for 2024/2025--a marketing-year low--we...

May 25 Corn closed at $4.69/bushel, up $0.07 from yesterday's close.  May 25 Wheat closed at $5.5725/bushel, down $0.0625 from yesterday's close. ...

The Market  The weekly Export Sales report was disappointing for soybeans as old crop net sales fell by half from the prior week and new crop net sale...

What a difference a year makes! No one will forget how out of balance cattle markets were in 2022 with margins steeply favoring the packer, while feedlots...

Except for the wheat market, the CBOT and CME largely continued their existing trends on Wednesday. Wheat futures offered perhaps the most interesting trad...

May 25 Corn closed at $4.62/bushel, up $0.0325 from yesterday's close.  May 25 Wheat closed at $5.635/bushel, down $0.015 from yesterday's close. ...

Today was National Agriculture Trade Day, an effort to boost awareness about the benefits of trade to the sector. However, the milestone also sparked debat...

Russian Grain Markets: 10 – 14 March 2025 Probably for the first time in recent history the Russian Ministry of Agriculture has announced crop produc...

Livestock industry margins were mostly lower last week as rising input costs crimped the profitability outlook. Declines were greatest for feedlot placemen...

Once again, the big action in the ag futures markets was in the cattle markets, where futures hit new contract and all-time highs for the second straight d...

The cattle marketing year is off to a strange start. In the first eight weeks of 2025, weekly carcass weights have averaged 40 pounds more than the same pe...

May 25 Corn closed at $4.5875/bushel, down $0.0225 from yesterday's close.  May 25 Wheat closed at $5.65/bushel, down $0.035 from yesterday's close.&n...

‘Dirty 15’ Treasury Secretary Scott Bessent said that the Trump Administration may provide one unique number as the newly applied general tarif...

Mediterranean/Middle East/North Africa/Africa – MEA Region Tunisia and Algeria are seeing swarms of desert locusts coming from Libya on current stron...

The CBOT saw wheat lead the way higher as traders are increasingly concerned about dry weather in the U.S. Southern Plains, as well as parts of the Black S...

May 25 Corn closed at $4.61/bushel, up $0.025 from yesterday's close.  May 25 Wheat closed at $5.685/bushel, up $0.115 from yesterday's close.  M...

The House of Representatives and the U.S. Senate have both passed the full-year Continuing Appropriations Act, which would fund the government under a cont...

Corn Harvest Progress and Crop Conditions Rain has slowed the corn harvest across much of Argentina’s central region, with progress advancing just 1...

Regional News  Egg shortages and rising prices are not just a feature of U.S. agriculture right now, German and northern European markets broadly are...

The first 100 days of the second Trump presidency doesn’t end until 30 April and is a meaningless metric because Donald Trump’s initiatives wil...

Last week’s CFTC report showed some interesting an unexpected trends. First, despite the technical bounce in corn futures, funds cut 36 percent of th...

There was little in terms of new fundamentals today, and on generally lower volume the board saw mixed trading and results. It was a big week for HRW as th...

May 25 Corn closed at $4.585/bushel, down $0.0675 from yesterday's close.  May 25 Wheat closed at $5.57/bushel, down $0.055 from yesterday's close.&nb...

Brazilian soybean farmers will reap an even bigger crop in the 2024/25 season than previously expected, according to forecasts released by the Brazilian cr...

The U.S. grain export industry – and the transportation sector broadly – are increasingly concerned about the USTR’s proposed Section 301...

The market is facing many knowns and unknowns. How President Trump’s tariff war will proceed is top among the unknowns, though it cannot be good unti...

May 25 Corn closed at $4.6525/bushel, up $0.045 from yesterday's close.  May 25 Wheat closed at $5.625/bushel, up $0.085 from yesterday's close. ...

Historical red meat and poultry supply and use estimates are adjusted to reflect revisions in slaughter, inventory, cold storage, and production data. Tota...

The Market  Of course, the big news in oilseed markets this past week has revolved around tariffs and retaliatory tariffs – most notably China a...

The CBOT was mostly lower on Wednesday as the lack of big changes in the March WASDE effectively amounted to ammunition for bears. Bull markets need to be...

May 25 Corn closed at $4.6075/bushel, down $0.095 from yesterday's close.  May 25 Wheat closed at $5.54/bushel, down $0.0275 from yesterday's close.&n...

Russian Grain Markets: 3 – 7 March 2025 The Russian Ministry of Agriculture forecasts this year's total planted area to be higher than the previous y...

Tariff Waste Now that Trump tariffs are going into full swing, the question is for what objective? The President says other countries treat America unfairl...

Livestock industry margins were mostly steady/higher last week, with the notable exception of beef packer margins. Beef processing profits fell $20/head la...

Today’s March USDA WASDE report did nothing to temper the bearish mood in both commodity and equity markets. Volume was light ahead of the WASDE rele...

Soybeans: USDA’s March estimates for the U.S. 2024/25 season are unchanged this month. The season-average soybean price is projected at $9.95 per bus...

Corn: USDA’s March estimates for the U.S. 2024/25 season are unchanged from last month – and the season-average corn price received by farmers...

Wheat: USDA reduced U.S. wheat exports for the 2024/25 season by 15 million bushels and increased imports by 10 million bushels.  The result is that U...

May 25 Corn closed at $4.7025/bushel, down $0.0175 from yesterday's close.  May 25 Wheat closed at $5.5675/bushel, down $0.0575 from yesterday's close...

Q1 GDP growth is expected to be negative, per the Atlanta Fed “GDPNow.” Spending data is still generally positive through January, however, con...

The second Trump administration has roiled global markets in just its first few weeks in office, with some of the biggest impacts coming from the applicati...

Mediterranean/Middle East/North Africa/Africa – MEA Region Egypt’s change in government wheat importation is said to have led to market confusi...

May 25 Corn closed at $4.72/bushel, up $0.0275 from yesterday's close.  May 25 Wheat closed at $5.625/bushel, up $0.1125 from yesterday's close. ...

Pre-WASDE positioning and reactions to various tariffs and retaliatory tariffs drove much of the market’s action on Monday. The big news was China&rs...

Last night, Canada selected a new prime minister-elect, as Justin Trudeau's reign, since November 2015, comes to a close amid a trade war with the U.S. On...

Wheat  In February, rainfall in Argentina’s core agricultural region averaged 222 mm, nearly double the 30-year historical average for the month...

Small Ideas U.S. Treasury Secretary Scott Bessent said the objective is to reduce the role of the government. This makes sense considering the explosion in...

As expected, Friday’s CFTC report showed managed money funds to be aggressive net sellers across the ag complex due to tariff concerns, widespread &l...

May 25 Corn closed at $4.6925/bushel, up $0.0525 from yesterday's close.  May 25 Wheat closed at $5.5125/bushel, down $0.0275 from yesterday's close.&...

After reacting to a fire hose of developments earlier this week, ag futures had little new fundamental input today except a brief hiatus in the trade war...

The recent volatility in oilseed markets has caused the three legs of the U.S. soybean crush to see interesting and divergent dynamics in 2025. Soybean fut...

Economists predicted that the number of jobs added last month would be 160,000 ahead of the employment report, however, the actual figure was lower than ex...

Despite mostly lower markets in the overnight, the open this morning was slightly in the green but moved strongly higher after the Trump Administration ann...

New trade disruptions, such as the 25 percent tariffs on Canadian feeder cattle, could possibly lead to more cattle being kept on pasture in Canada, which...

May 25 Corn closed at $4.64/bushel, up $0.0825 from yesterday's close.  May 25 Wheat closed at $5.54/bushel, up $0.0575 from yesterday's close. ...