In truth, there is not much to analyze in USDA’s December WASDE. It contained no changes in estimated U.S. yields or corn and soybean production levels. Those will come as the final such estimates in the January WASDE. However, there were some changes in production estimates for other countries and the world as a whole along with numerous, albeit generally small, revisions to U.S. and world supply/demand estimates.
If there is a theme to this month’s WASDE, it is one of slightly higher ending stocks for both the world and the U.S. with the exception of the latter’s soybeans. Consider the following: - Estimated U.S. corn stocks of 1.781 billion bushels are up 45 million bushels, the net of a 50-million-bushel reduction...
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...
