The U.S. winter wheat production estimate was 6 percent higher from the May number. That is a significant increase, all in hard winter wheat, and justified by the harvest yield reports. However, there is one problem with that particular crop.Today’s USDA reports were bullish on soybeans, slightly positive for corn and neutral to bearish on wheat. The U.S. winter wheat production estimate was 6 percent higher from the May number. That is a significant increase, all in hard winter wheat, and justified by the harvest yield reports. The problem is the big hard red winter wheat crop looks like it will have very low protein content, below 9.5 percent in some cases. Following is a comparison of the May and June production estimates:USDA cut ending...
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...
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