Soybeans Argentina Argentina received poor rains the past week and crop estimates keep dropping. The latest forecast fell another 3 MMT to 46.5, making this year the worst in the past 5 years. The weather in the next two weeks is crucial to maintaining production above 45 MMT. If the weather doesn’t improve, Argentina’s national production could drop even further. It is estimated that about 1 million planted hectares won’t be harvested due to the lack of water.
The market reported one trade last week at +43N FOB for June shipment. Most trades reported lately are not genuine demand from China but basically trading houses covering their shorts as origination has turned almost impossible. The FAS ma...
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...
