Weather is always a huge factor in commodity markets, but it's beginning to look like weather in 2012 may be even more critical than usual for a number of reasons.
While world supplies of wheat and soybeans rebounded in 2011, corn and feed grains became record tight in terms of day's supply. It is clear that South American corn production will falter badly from the levels expected two or three months ago. Argentina's crop could fall to 20 MMT from early forecasts of 30 MMT. Brazil's corn crop could drop to 56 MMT or 57 MMT from early forecasts of 61 MMT or higher. U.S. ending supplies may still shrink if the current pace of ethanol and exports continues. Ukraine has a problem with its winter wheat crop and some analysts are now sugg...
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...
