It might be called pre-positioning ahead of tomorrow’s USDA May WASDE report, but it looked like more of the same. Corn and wheat took their dings, but soybeans and meal were immune. The trend is down, and this week of trading has reinforced that dynamic. But it isn’t an exuberant abandonment since volume was generally lower except for the soy complex.
There remains a bad combination of large supplies coming out of Brazil, and potentially large new supply in the U.S., all confronting a less certain demand structure. The biggest market, China, is not only avoiding sourcing from the U.S. but domestically it is disparaging American agriculture to its consumers. The USDA Export Sales report covering last week was a m...
The corn and soy complex closed higher, with the wheat market mixed, as winter wheat closed up but spring wheat and livestock ended lower. Part of the strength for corn and soybeans may have been a weather premium, as crop planting has started out fast but warm weather has been slow to develop...
Real GDP grew at a 2 percent annual rate in the first quarter of 2026, slightly below the consensus expectation of 2.3 percent but above the 0.5 percent growth in Q4 2025. The GDP number matches the average annualized pace of growth since the peak back in late 2007, right before the Financial P...
Reflect for a moment on what you eat. There is a lot of advice out there in the ether about what you should eat, but really, what do you currently eat and how much? The good people at the USDA have some data for you, to help you answer that question. USDA says that we eat quite a bit of meat. L...
