Today's USDA crop production estimates and WASDE revisions confirmed what the market has been expecting (and trading) for the past week or longer. The U.S. soybean production estimate was raised by a full 1.5 bushels per acre, which amounted to 111 million bushels (3 MMT). Corn production was increased marginally. Here are the highlights: Soybeans
Production increased by 111 million bushels. There was no change to the harvested acres number. That could come in the January "final" report. Crush was increased by 20 million bushels and the export forecast was increased by 80 million bushels. U.S. ending supplies increased by just 10 million bushels. Production estimates for Brazil and Argentina were unchanged from the October estimat...
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...
