Last Friday's USDA reports threw another major curve ball at the markets just when the market bears were getting comfortable in with their bearish frame of mind. The corn acreage estimate at nearly 96 million acres was, by itself, bearish. That is the number market bears will now be quick to focus on, as they will project big yield estimates (163 to 164 bushels per acre) and big increases in corn ending supplies. The problem is that corn will not be the story in 2012/13. That storyline was already shifting from corn to soybeans before last week's USDA reports. It is now soybeans and other oilseeds that will take the headlines and drive agricultural commodity investments in the months ahead, because:
South American soybean production w...
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...
