The July WASDE came out bullish corn and wheat while bearish U.S. soybeans. World wheat ending stocks are forecast 4.6 percent less than last year while corn ending stocks could fall 20.7 percent form 2017/18 figures by the end of the new marketing year. World soybean ending stocks, thanks to the U.S. and China, are set to grow 2.3 percent in the coming year.
USDA was widely expected to reduce the U.S. soybean export number in today’s report and the agency did not disappoint, cutting the forecast 250 million bushels and adding 195 million of that to ending stocks. The report was decidedly bearish soybeans. USDA decreased expectations of 2018/19 U.S. corn ending stocks by 1.6 percent even after increasing production for...
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...
