Regional News The biggest trends in the EU/Black Sea wheat markets this week are the fact that the Russian crop continues to grow while EU crop forecasts are being continually lowered. Russian wheat yields are defying their typical pattern of decreasing as harvest progresses. This year, each passing week brings with it an increase in the national yield forecast and, consequently, higher total production figures as well. Conversely, the final stages of the EU harvest have been disappointing and confirmed a much smaller crop. One firm pegged the French wheat crop at a 25-year low. SovEcon forecasts Russia’s wheat and corn exports at 36.4 MMT and 4 MMT, respectively, for the coming July 2020-June 2021 crop year. The wheat c...
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...
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