Corn Harvest progress was slow last week, advancing just 2.2 percent partly due to heavy rains that prevented combines from entering fields. The other reason for corn harvest slowing is that the soybean crop is starting to be ready for harvest, and farmers are switching their focus to the oilseed. Soybeans need to be harvested as soon as they’re ready, otherwise they will start losing yield due to pods falling off or beans sprouting in the pods. Corn, however, can wait without losing yield, which is why farmers dramatically shift to harvesting soybeans once they’re ready.
Last week was complicated from a logistic standpoint. Despite the fact that agriculture is exempt from the COVID-19 quarantines imposed by the...
Key Takeaways: Dry bulk markets remain mixed with Capesize vessels seeing continued pressure from weaker demand while fixtures and rate strength gradually increases towards the smaller vessel classes. Tanker markets are pulling back from their recent highs as tonnage moves out of the Mid...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
Key Takeaways: Texas illustrates the assumptions underlying the 2025 FMMO reform; Idaho exposes their limitations. The Southwest order blend (roughly 27 percent Class I, 32 percent Class III and 31 percent Class IV) exposes Texas producers to every lever USDA adjusted, with a near-neutral proj...
