All had been hoping that the long-awaited USDA reports released today (originally scheduled for publication on 11 January) would reveal new insight, create some new market expectations or inspire the markets. Unfortunately, none of this was realized. Instead, they provided much of what had been anticipated, and that meant no unexpected gyrations in the markets. Following are the important highlights of these reports: Soybeans
The 2018 U.S. soybean yield was reduced by 0.5 bushels/acre, decreasing production by 56 million bushels. Exports were lowered by 25 million bushels. U.S. crush was increased by 10 million bushels. U.S. ending supplies dropped from 955 million bushels in the December WASDE to 910 million bushels today, which co...
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...
