Record soybean yields and soybean markets that have held relatively strong have turned the Corn Belt (and northern Plains) farm economic outlook from grim to at least break-even. That prediction is of course only applicable to those acres planted to soybeans.What is wheat really worth? That’s a very good question. WPI has written often recently about another giant world wheat crop this year as well as how a much larger share of it is not milling quality and must find a home in feed channels. That will be tough with corn supplies also building. Below are examples of actual cash prices that farmers are receiving for a few different classes of wheat:
Western Kansas hard red winter wheat: $2.70/bushel ($99/MT). Northern Plains hard red spri...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
Key Takeaways: Consumer spending is a key driver of the U.S. economy, and the latest retail sales data indicate that spending remains robust despite inflation. In September, total retail and food service sales rose more than 6 percent year-over-year, with food service spending up 7 percent and...
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...
