What You Need to Know Today:
Markets got a surprise with a corn yield of 181.2 bushels/acre in the October WASDE, above the average estimate of 177.6 bushels/acre and up from USDA’s September estimate of 178.5 bushels/acre. Although stronger demand is expected to absorb some of the additional production, the stocks-to-use ratio increased from 9.7 percent to 11.3 percent, signaling a considerably more comfortable supply outlook. Corn futures fell sharply in response to the bearish report. Adjustments to the soybean balance sheet were minor and largely offset each other, leaving the outlook virtually unchanged. President Trump announced on Truth Social that he has struck a deal with Russian President Vladimir Putin that would release s...
Key Takeaways: On Friday afternoon, President Trump announced that Russia will “immediately supply over 300,000 Tons of Diesel Fuel” to the United States. The deal, typical of this administration, is light on details but promises an additional 500,000 tons in November and 1 m...
The USDA has lowered its 2026 red meat production forecasts slightly while forecasting a slight increase in broiler production. Beef is now projected at 24.802 billion pounds, 75 million pounds less than in September. Cow slaughter is expected to be up; however, this will be offset by lower ste...
