You don't have to look very far to be buried in bearish market outlooks these days. This is especially true when you shift your thinking ahead to the 2012/13 marketing year. I received forwarded copies of bearish analysis from no less than three different sources late last week and over the weekend. The reasons for the overwhelming bearishness are the same things we've been reading for several months:
The world will plant a lot more acres of everything. 2012 yields are going to be big. Economic growth will remain small or even contract more. The loss of the blender's credit will result in less ethanol production. If world sugar supplies increase and prices decline, Brazil will flood the U.S. with sugarcane-based ethanol (they are...
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...
