The 30 March USDA quarterly stocks reports indicated that we should see reductions in the ending supply estimates for corn, soybeans and wheat in tomorrow's monthly supply and demand revisions. How much of a drop will we see, and have the markets already factored these expected cuts into prices? Here's a quick look at the numbers:The other question is whether or not the old crop ending supply reductions will matter, or if the market's attention already has shifted to new crop prospects. Certainly the soybean complex already has taken a look at the potential for a very tight 2012/13 U.S. and world soybean outlook and started to price that in immediately following the 30 March planting intentions estimates. That has resulted in massive fund...
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...
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