Grain market chatter has tended toward things like the big U.S. crops, prospects for large South American crops, tightening world wheat and corn stocks but burdensome soybean stocks, trade disputes and a number of other topics that have had their moment of attention. The EU is seldom mentioned in any discussion of world grain markets other than as a traditional wheat export competitor. Things are quite different this year, although the market has taken little notice. Overlooked is how tight the EU’s grain stocks situation is becoming. Last summer saw the worst drought over the northern half of Europe in a great many years, and EU crop production took a serious hit as a result.
Based on USDA’s estimates, the EU will end 2018/1...
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...
