The WASDE was undeniably bearish with December corn and November soybean futures reaching new contract lows (actually, soybeans hit the low before and after the WASDE’s release), while wheat futures were down double-digits in response to the latest news. The headline numbers cratering the markets were record-breaking U.S. corn and soybean yields and month-over-month production ending stocks/use increases. Outside the U.S., across-the-board increases in world ending stocks from the August WASDE pressured markets.
Wall Street is higher as of this writing with the Dow and S&P 500 indexes up fractionally and the U.S. Dollar Index up 5 points. Rumors that the U.S. and China could be resuming trade talks briefly boosted the markets...
Grains posted strong gains today, putting the bulls firmly in the driver’s seat. There was no shortage of fuel for the move, with three W’s driving the rally: weather, war and worry. Weather: Cooler temperatures are temporarily easing stress across the Northern Plains and Midwest, b...
Key Takeaways: Global and U.S. cotton demand has struggled since the post-COVID-19 pandemic surge, which has left cotton prices drifting lower in the U.S. The war in Iran and the closure of the Strait of Hormuz, along with their impact on global energy markets, could boost cotton demand...
Key Takeaways: Persistent labor shortages are increasing operational challenges and costs across U.S. agriculture, particularly in labor-intensive sectors such as specialty crops, dairy, and meat processing. Immigrant workers, including H-2A employees, remain essential to the agricultural work...
