Regional News In its latest crop outlook, the EU commission largely reduced yield projections for 2020 summer crops, due to drought that started in early July. The dry weather was coupled with a heatwave across northern Europe that hurt the growth and development of summer crops. Notably, the weather prompted a 2.4 percent cut in the EU corn yield forecast, which is now forecast at 8.01 MT/ha. The only substantial yield increases were for the soybean crop (revised 3.4 percent higher to 3.06 MT/ha) and triticale (2.2 percent high at 4.12 MT/ha).
The two maps below show USDA’s satellite imagery of crop conditions across Europe and Ukraine. The impact of drought can be clearly seen across France/western Germany, eastern E...
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...
Key Market Insights Geopolitical Limbo: Geopolitical risk remained a key driver across global commodity markets today. President Trump stated that the Iran memorandum of understanding is not yet final and warned that military action could resume if negotiations fail. Both sides continue w...
