Wheat Argentina’s wheat situation is increasingly complicated. It has not rained for several weeks, and the soil moistures are insufficient for planting wheat seeds. Many farmers missed the planting window or decided not to take the risk of planting. The Buenos Aires Grain Exchange again cut its sowing estimates by 100,000 ha to 6.3 Mha, down from 6.7 Mha last year. To date, 60 percent of the area has been planted with rapid progress in the last two weeks, especially in Buenos Aires province. Regarding crop conditions, perhaps the most important thing to note is that 40 percent of the area is in fair to poor water conditions. To make matters worse, the forecast for the coming weeks is not optimistic.
Additionally, pri...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
