Wheat Argentina’s wheat markets – and much of the world – remains focused on the weather issues plaguing the new crop, which will be harvested starting in November. The rains are not coming for Argentina’s wheat belt and conditions continue to deteriorate in most of the country. Moreover, there were fields last week that suffered frost and the stress is only magnified by the presence of drought. According to the Buenos Aires Grain Exchange, only 17 percent of Argentina’s wheat crop is rated good/excellent, and 26 percent of the crop is in poor/very poor condition. Additionally, 35 percent of the crop is in soils with poor/dry conditions.
The core wheat zone and the north of the country each need rai...
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...
