What You Need to Know Today:
Tensions in the Middle East escalated over the weekend with Iran demanding the U.S. make multiple concessions that are likely non-starters before traffic can flow through the Strait of Hormuz again. Saudi Arabia, Pakistan, and Turkey signed a mutual defense agreement in a move that intensifies Saudi influence in the region and is seen by some as a snub to American interests. The 2026 farm bill again failed to advance during Monday’s Senate Agriculture Committee session and was tabled for further consideration. U.S. weather forecasts are more favorable for summer crop development with heat isolated to the southern Plains and South this week before moderating a bit next week and rains favoring all but the T...
What You Need to Know Today: USDA cut the 2026 corn yield forecast by 1.6 BPA to 179.6, shaving 141 Mbu off the crop. Corn ending stocks were cut by 91 Mbu to a level that pushed the ending stocks-to-use (ESU) ratio to 10.8 percent. Conversely, USDA raised the soybean yield forecast 0.2 BPA to...
Key Takeaways: Expanding U.S. soybean crushing capacity is strengthening domestic demand, driven largely by growing soyoil consumption from the renewable diesel and biofuels industries. Despite increased domestic processing, substantial quantities of U.S. soybeans are expected to remain availa...
