In today’s USDA/FAS export sales report for the week ended 12 July, there were a few interesting items deserving of some comment. Among them were the following sales:
30,000 MT of HRW to Argentina for 2018/19 80,000 MT of corn to Argentina for 2017/18 120,000 MT of soybeans to Argentina for 2018/19 30,000 MT of SRW to Brazil for 2018/19
This is a rare combination of sales of U.S. grain and soybeans to two countries normally seen as major competing exporters. It is so unusual that it is rumored that the reports of corn and HRW sold to Argentina are in error and will be corrected later. It is true that Argentina’s corn and soybean crops have been sharply reduced by drought, which has also hurt Brazil’s safrinha corn...
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...