Generally, the higher they rise the harder they fall but today’s correction on a still murky weather report ended with some restraint from going completely overboard. This crop has been damaged and as today’s Drought Monitor map reinforces, it is getting damaged further.
It will be reflected in Monday’s USDA Crop Progress report with further reductions in the quality of the crops in the heart of the production area. There is at least the signal of a pattern change for July, and that is significant, though not conclusive. The near-term chance for some showers in the eastern side of the Belt is hopeful but looks too weak to be significantly altering. The emphasis is on “chance” and while some may buy the...
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...
