World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

General Comments Markets were mixed in the night session with soybeans trading as much as 13-15 cents lower at one point. The tenor of the markets changed early this morning when wheat started to rally on reports of smaller-than-expected on-farm grain stocks in Russia. That took wheat futures as much as 18-20 cents higher in Chicago and, in turn, pulled soybeans to 7-8 cents higher and corn 3-4 cents higher. Soybeans couldn't hold those gains and dropped to 7-8 cents lower. All of this happened before 9 a.m. this morning. Early trade was very active but volume was relatively light. There were no surprises in the weekly export sales report, with corn and wheat sales at or below the expected ranges and soybeans slightly higher than expecte...

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feed-grains soy-oilseeds wheat

Market Commentary: Absent Chinese Demand, Supply Dominates the Mood

Markets were over-weight on the Xi – Trump phone call this morning. The phone call went well enough but after it became clear there was no deal on ag or soybeans, the latter turned south. Beans and meal had traded higher overnight and at the open, but like all three wheats, closed on loss...

livestock

Cattle of Feed - Sep 2025

U.S. Cattle on Feed in feedlots with capacity of 1,000 or more head totaled 11.1 million head on September 1, 2025. The inventory was 1 percent below September 1, 2024.  Placements in feedlots during August totaled 1.78 million head, 10 percent below 2024.  Marketings of fed cattle du...

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feed-grains soy-oilseeds wheat

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Cattle on Feed Report Shows Record Low Marketings

USDA’s monthly Cattle on Feed report was released today at 3 p.m. Total cattle on feed amounted to 11.1 million head, 99 percent of last year, as expected.    Placements and marketings came in slightly more bullish than the pre-report estimates, but still close, within one perc...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.24/bushel, up $0.0025 from yesterday's close.  Dec 25 Wheat closed at $5.225/bushel, down $0.0175 from yesterday's close.  Nov 25 Soybeans closed at $10.255/bushel, down $0.12 from yesterday's close.  Dec 25 Soymeal closed at $284/short ton, down $0.7 fro...

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