USDA made relatively few major changes in its supply and distribution estimates for oilseeds today, but a couple were quite significant. Meanwhile, two other agencies also revised their forecasts for Brazil's soybean crop. Key Oilseed-Related Changes in Today’s USDA WASDE Report USDA made relatively few major changes in its supply and distribution estimates for oilseeds today, but a couple were quite significant. The most important was raising its forecast for Brazil’s 2017 soybean crop to 108 MMT, a 4 MMT (3.8 percent) increase. This was well above the average estimate of private analysts queried by Reuters of 105.95 MMT. However, it was consistent with several analysts in South America. Because of the larger crop, USDA reduced its forec...
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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