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: Declining crop conditions ratings and shaky results from the Pro Farmer crop tour sent grains sharply higher on Tuesday. The Pro Farmer tour in Ohio pegged the state yield at 180.18 BPA, about 5.5 BPA below the tour’s 2025 estimate. Similarly, the Pro Farmer...
Mediterranean/Middle East/North Africa/Africa – MEA Region Egypt is the largest importer of Brazilian maize in the first six months of 2026. Egypt imported about 28.4 percent of maize exports, or about 1.7 million MT. Iran was the third-largest importer at 14.5 percent, or 900,000 MT, fol...
Based on a Depression-era statute, President Trump imposed 50 percent tariffs on $20 billion of exports to the U.S., or about 5.2 percent of the $383 billion worth of goods the U.S. imported from Canada in 2025, according to U.S. Census Bureau data. Of that total, about $39.3 billion was agricu...
