There were two primary considerations in the USDA 1 September quarterly stocks estimates and annual small grains summary reports that were released this morning.USDA released its 1 September quarterly stocks estimates (see table below) and annual small grains summary reports this morning. There were two primary considerations in these reports:
The 1 September stocks estimates will become the ending stocks numbers for the 2016/17 soybean and corn marketing years that ended 31 August. USDA will have to adjust the supply and demand numbers in the 12 October WASDE to reflect those numbers. USDA did not adjust harvested acres of spring wheat in any of its previous estimates. There has been talk all summer that significant acres of spring whe...
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...
Key Market Insights Geopolitical Limbo: Geopolitical risk remained a key driver across global commodity markets today. President Trump stated that the Iran memorandum of understanding is not yet final and warned that military action could resume if negotiations fail. Both sides continue w...
