In the last full trading day before the August WASDE is released, traders reaffirmed their belief that USDA will be marking yields lower on adverse weather impacts. The expected declines are modest: corn down 1.2 percent to 173.6 bushels/acre, soybeans lower by 0.9 percent to 51 bushels/acre, and spring wheat slightly higher but with drought induced reductions in the Northern Plains and PNW. There are of course guesses that the reductions will be larger, which would yield a bullish session tomorrow. The trade has spent the past several sessions overall working the market higher, and today continued that direction except for feeder cattle.
Today’s USDA Export Sales report showed solid wheat numbers, impressive meal sales, and...
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...
