The CBOT was mostly higher to start the holiday-shortened trading week with wheat leading the way on short-covering and despite the surging U.S. dollar. Co...
Articles
Two Big Things; Trumpenomics
Two Big ThingsJust days before Christmas 2024, two big things happened that impact U.S. agriculture. On their way home for the holidays, members of the U.S...
Summary of Futures
Mar 25 Corn closed at $4.4775/bushel, up $0.015 from yesterday's close. Mar 25 Wheat closed at $5.405/bushel, up $0.075 from yesterday's close. J...
Government Shutdown Averted; Process Provides Insights into 2025 Policy Making
A government shutdown was averted after frenetic eleventh-hour action last week in Congress to pass a continuing resolution, which is a short-term appropri...
Mercosur Regional Analysis
WheatOver the past seven days, the lack of rain allowed a 12.2-percentage-point increase in Argentina’s wheat harvest progress, which reached 76.1 percent...
European Market Analysis
Regional News On Monday morning, Russia announced that its 15 February – 30 June 2025 wheat export quota will be 10.6 MMT, slightly below the 11.0 MMT...
Total versus Change in Pork Consumption
China is by far the world’s largest consumer of pork, eating over half the world’s supply. This also drives feed demand and this grain supply destruction...
CFTC COT Report Analysis
The big surprise in the CFTC report was that funds, through Tuesday last week, did not exit as much of their long corn position as previously thought. Expe...
Cattle on Feed
U.S. Cattle on Feed was 11.982 million head on December 1, 2024 in feedlots with capacity of 1,000 or more head. This inventory was slightly below the Dece...
Market Commentary: Some Bouncing Off the Week’s Lows
Except for soyoil and SRW, the market provided a rebound today for the agricultural commodity markets. Most contracts reflected their overnight closes. Key...
December Cattle on Feed Report in Line with Expectations
USDA released the monthly Cattle on Feed report today. The total cattle on feed inventory was 12 million head, the same as last year, as expected. Placemen...
Summary of Futures
Mar 25 Corn closed at $4.4625/bushel, up $0.055 from yesterday's close. Mar 25 Wheat closed at $5.33/bushel, up $0 from yesterday's close. Jan 25...