Today is 31 May. This is an important crop insurance date because it is the "drop-dead" date for crop insurance planting in many states, especially in the Northern Plains. Crop insurance payment yields start to decline by 1 percent per day for each day the crop isn't planted. Just two months ago we were worried about a significant drought that encompassed the Corn Belt and the Northern Plains. Today we are begging for the rain to stop. The national planting numbers have been in the news daily because of the wet weather and slow planting progress, but here are a few important numbers to consider. As of last Sunday:
There were still 13.6 million acres of corn to plant. There were still more than 41 million acres of soybean to plant. I...
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...
Key Market Insights Geopolitical Limbo: Geopolitical risk remained a key driver across global commodity markets today. President Trump stated that the Iran memorandum of understanding is not yet final and warned that military action could resume if negotiations fail. Both sides continue w...
