This week Dr. Scott Irwin of the University of Illinois Extension Service has been running commentary on Twitter regarding the delays in getting the U.S. corn and soybean crops planted. Tweets are brief by nature, and so are the following observations:
He started talking about this spring planting season turning into a “Black Swan” event for corn sometime in the last two weeks. His data shows this season of planting delays is already historic and, based on the latest weather forecast, destined to become even more so. The previous statement means there are no analog years for comparison. His research suggests that analysts should start to consider the possibility that there could be 5 million or even 10 million corn acres i...
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...
