What You Need to Know Today:
End-of-month profit taking sent the CBOT broadly lower, though corn and soybeans managed to post small gains to continue their rallies. Turkey’s foreign ministry claimed to have a plan to ensure safe passage for both Ukrainian and Russian grain vessels via the Black Sea and Bosphorus Strait (which Turkey alone controls). USDA Secretary Rollins announced Monday the creation of the Ranchers First Initiative, which is a broad package of actions aimed at rebuilding the Great American Beef Herd and following the October 2025 Trump White House’s Plan to Fortify the American Beef Industry. U.S. Treasury Secretary Bessent thanked the EU for embracing the U.S. actions that target Iran’s financial syste...
Key Takeaways: Demand and capacity decide where milk growth lands. Italian cheese is up 4.2 percent in 2026, and milk output is growing fastest in Kansas, South Dakota and Texas, where the new plants are located. Price spreads decide where the marginal milk goes. The Class IV premium over Clas...
Markets are caught between reasons to keep selling and reasons to take another look. Fund liquidation and renewed peace talks are pressuring grains, while fresh export business and some diesel relief offer encouragement. Corn recovered nearly 10 cents from its low to finish higher, while soybea...
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...
