I participated in two large wheat conferences over the past two weeks. One was the ALIM conference in Merida, Mexico, and the other was for wheat buyers and millers from the north Asian region. Here are some thoughts from these conferences.
World wheat supplies continue to slowly shrink. This is especially true among the world's major wheat exporting countries, as we reported last week. One of the messages for the north Asian meeting was that wheat acres, especially in North America, will continue to be under pressure from other cropping choices, particularly corn and soybeans. The improving genetics of corn and soybeans has already pushed these crops to the Canadian border, and with awesome yields in 2012 that acreage will expand ag...
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...
