Argentina Reduces Soybean and Corn Production Forecasts Argentina's Agriculture Ministry yesterday reduced its forecast for its 2012 soybean crop to 48.9 MMT; its forecast last month was for a crop between 52-53 MMT. The Ministry said 54 percent of the soy crop is in good shape, 34 percent in average condition and 12 percent in bad condition. It said there is still potential for the soybean crop to improve, but for that to occur there would need to be good rains for the remainder of the growing.The Ministry also reduced its forecast for the Argentine corn crop to only 23 MMT compared to its previous forecast of up to 30 MMT. It said 1 percent of the corn crop is in very good shape, 32 percent in good condition, 42 percent in average cond...
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...
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