The weather is bearish, except for spring wheat, and speculators are record short. Even having the cheapest grain in the world cannot spark enough new demand to slow the slide. Finding a bottom requires a supply shock, and the potential 20 MMT loss in Black Sea production due to drought is not enough of a decline to make a difference. Today’s trading had the following milestones:
New contract lows for December corn, November soybeans, December soyoil, and September HRW.
September HRW and December soyoil both closed higher despite finding contract lows earlier in the session.
Cattle turned bearish despite having a supply shock situation.
For the week, five major contracts hit new lows. September HRS had a sma...
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...
