USDA today released its first, and very preliminary, supply and demand estimates for the 2012/13 marketing year and, as expected, the numbers were bearish corn. It is very important to keep in mind that today's numbers were put together late in 2011 and are for budgeting purposes only. USDA will give us a more current look at its expectations later this month at the annual Outlook Conference. It is somewhat useful, however, to look at the starting points for the corn, wheat and soybeans estimates, because it does provide some insight as to how USDA views the situation heading into the new marketing year. Below are some thoughts.It was no surprise that USDA started things off by using 2.1 million more planted acres and, more significantly,...
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What You Need to Know Today: Declining crop conditions ratings and shaky results from the Pro Farmer crop tour sent grains sharply higher on Tuesday. The Pro Farmer tour in Ohio pegged the state yield at 180.18 BPA, about 5.5 BPA below the tour’s 2025 estimate. Similarly, the Pro Farmer...
Mediterranean/Middle East/North Africa/Africa – MEA Region Egypt is the largest importer of Brazilian maize in the first six months of 2026. Egypt imported about 28.4 percent of maize exports, or about 1.7 million MT. Iran was the third-largest importer at 14.5 percent, or 900,000 MT, fol...
Based on a Depression-era statute, President Trump imposed 50 percent tariffs on $20 billion of exports to the U.S., or about 5.2 percent of the $383 billion worth of goods the U.S. imported from Canada in 2025, according to U.S. Census Bureau data. Of that total, about $39.3 billion was agricu...