Surprises are surprises because they happen when you least expect them to happen. So it was with today's August USDA WASDE report. Here's what happened in a nutshell:Corn
The yield was reduced from 156.5 last month to 154.4 today. Most analysts were expecting a yield increase. The U.S. export and feed/residual forecasts were reduced by a total of 75 million bushels. Planted and harvested acres were left unchanged. 2013-14 U.S. ending supplies were cut by 122 million bushels but are still huge.
Comments: The corn yield was lower than expected, but the crop can still be a new all-time record if it fills properly and we avoid even a normal frost across the northern U.S. Maturity is still an issue with U.S. corn production. The crop...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
