Production At a critical time when the world needs more oilseeds, humans and Mother Nature are conspiring against it. Excessively wet conditions have delayed planting in the U.S. Notably, planting is 15 percent behind in some of the major producing states. The impact is that yield forecasts are already beginning to decline, as are private estimates of the final planted acres. USDA’s Prospective Plantings survey at the end of March suggested 91 million acres of soybeans but some believe at least 1 million acres will not get planted due to the sub-optimal conditions.
Meanwhile, the EU forecasts a 7 percent increase in oilseed production in 2022/23, but now drought conditions could cut that estimate. Drought also afflicts weste...
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...
