The tables below show today's USDA report numbers compared to last year's. In general, the numbers were bearish, although not quite as bearish as expected. Corn
USDA did drop the yield to 158 bushels per acre from the 164.9 bushels per acre used in the Outlook Conference numbers. U.S. corn exports are projected to be 1.3 billion bushels. That is probably too small if prices are going to get cheap. A 2 billion-bushel ending supply number is bearish, but not as bearish as many analysts have been talking about. The world corn crop is projected to be a new record, and so will world demand for corn. World ending supplies will increase if we produce a record world crop.
Soybeans
USDA lowered the corn yield but pushed the U.S. soy...
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...
