We won't know what hard red spring wheat and durum acres will total until the 31 March USDA report. Opinions are mixed today with seed dealers continuing to say there are a large number of northern Plains acres that remain "open" or undecided.Much has been written and discussed about the potential U.S. corn and soybean 2015/16 supply/demand outlooks. The soybean outlook is bearish, assuming U.S. farmers plant 2-3 million more soybean acres and yields are at least average. Corn's outlook can start to turn slightly friendly if U.S. farmers plant 1.5-2 million fewer corn acres than in 2014 and yields don't set another record. Corn ending supplies should decline in 2015/16.Not much of anything has been written about the wheat situation. That's...
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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...