USDA will release its WASDE updates this Wednesday, 11 July, at 7:30 a.m. This could be one of the more interesting supply and demand reports since back in 2007/08 for a number of reasons.
Dry and hot weather has (and continues to) ravage the Corn Belt since the June report was released. The June report held the corn yield at 166 BPA and the soybean yield at 43.9 BPA. It also showed increased harvested acres of both. The supply sides of the corn and soybean balance sheets have changed dramatically in just 30 days. Most analysts today are using a sub-150 BPA corn yield and a sub-42 BPA soybean yield with fewer harvested acres for both crops because of poor and declining crop conditions.
Soybean futures established new all-time hi...
Key Takeaways: President Trump announced $8 billion in additional agricultural assistance through the Harvest Fuel Relief Program, as USDA projects farm fuel and oil expenses will increase 28.8 percent in 2026. The package follows $12 billion in earlier relief, while government farm payments w...
Key Takeaways: A student group from the University of Chicago is protesting to bring back onion futures trading. Trading in onion futures was banned in 1958 following a spectacular bout of market manipulation that resulted in a corner of the physical market. The ban on onion futures led t...
Beef packer margins deteriorated to $141/head last week, down $55 from the prior week as fed cattle prices strengthened while the Choice cutout remained nearly unchanged. The cutout held near $373/cwt while fed cattle prices climbed $4/cwt to $224/cwt, narrowing processor profits. Despite the d...
