General Comments Instead (or in addition to) being worried about Sunday's Greek election and weekend weather updates, today's corn, soybean and wheat markets were dominated by two other stories:
Rumors that a few cargoes of corn from Brazil might be imported to the U.S. East Coast, and Informa's revised corn, spring wheat and soybean acreage estimates.
The Brazil corn rumor could be factual, and it crushed the N/Z corn spread that had made significant gains the first four days of this week. Informa's 900,000-acre increase in corn plantings and 2.1 million-acre increase in soybeans didn't seem to jolt the markets too badly; they were in the expected range.There were some good rains across the dry parts of southeast Nebraska overni...
Key Takeaways: President Trump announced $8 billion in additional agricultural assistance through the Harvest Fuel Relief Program, as USDA projects farm fuel and oil expenses will increase 28.8 percent in 2026. The package follows $12 billion in earlier relief, while government farm payments w...
Key Takeaways: A student group from the University of Chicago is protesting to bring back onion futures trading. Trading in onion futures was banned in 1958 following a spectacular bout of market manipulation that resulted in a corner of the physical market. The ban on onion futures led t...
Beef packer margins deteriorated to $141/head last week, down $55 from the prior week as fed cattle prices strengthened while the Choice cutout remained nearly unchanged. The cutout held near $373/cwt while fed cattle prices climbed $4/cwt to $224/cwt, narrowing processor profits. Despite the d...
