- It appears that wet weather will continue to cause planting delays across the northern Plains and the Corn Belt. The two maps below show the five-and seven-day precipitation forecasts for the U.S. starting today. Another major storm system could drop heavy, wet snow across a very wide band from South Dakota and Nebraska through southern Minnesota, northern Iowa and into Wisconsin. It will rain south of the snow band. This next round of possibly heavy precipitation comes on top of already very wet soils in these states.
- Tomorrow’s USDA April WASDE (supply and demand) is expected to show bearish corn numbers but neutral wheat and soybean numbers. As a reminder, the 1 March corn stocks came in about 270 million bushels (nearly 7 M...
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...
