U.S. Cattle on Feed totaled 11.4 million head on June 1, 2025. This was down 1 percent from June 1, 2024. Placements in feedlots during May totaled 1...
Articles
Market Commentary: A Day and a Week of Surprises
There isn’t always a common theme across markets. Sometimes a session starts amid diverse influences. Sometimes, shorts or longs will dominate an ope...
Livestock Roundup: Cattle on Feed
USDA’s monthly cattle on feed report was released today. Total cattle on feed amounted to 11.4 million head, 99 percent of last year. &n...
Summary of Futures
Jul 25 Corn closed at $4.2875/bushel, down $0.0475 from yesterday's close. Jul 25 Wheat closed at $5.6775/bushel, down $0.065 from yesterday's close...
Cow-Calf Profitability Improves, Indicates Herd Rebuilding
Southern Plains cow-calf producers’ margin outlook continues to improve despite the recent pullback in feeder cattle prices. Returns on an inflation-...
WPI Transportation Report
Dry Bulk Markets Dry bulk markets were mixed this week with Capesize vessel rates initially pushing higher, but then failing on reduced coal, iron ore, and...
Summary of Futures
Jul 25 Corn closed at $4.3275/bushel, down $0.0075 from yesterday's close. Jul 25 Wheat closed at $5.7375/bushel, down $0.005 from yesterday's close...
Market Commentary: Wheat and War Rattle Ahead of Holiday
Corn and soybeans closed lower overnight and danced that way this morning but once again could not resist the pull of wheat higher. The wheat market double...
Livestock Roundup: Big Cattle on Feed Report on Friday
USDA’s monthly cattle on feed report will be released tomorrow. Analysts’ pre-report consensus estimates are for the total inventory on f...
Summary of Futures
Jul 25 Corn closed at $4.335/bushel, up $0.02 from yesterday's close. Jul 25 Wheat closed at $5.7425/bushel, up $0.2525 from yesterday's close. ...
U.S. Juneteenth Holiday
The CBOT/CME markets and our offices will be closed tomorrow, Thursday, 19 June in observance of the U.S. Juneteenth holiday. Please note that the next Ag...
Black Sea Regional Analysis
Russian Grain Markets: 9 – 13 June 2025 The grains market saw no major changes especially with two days of holidays when the country celebrated Russi...
Market Commentary: Grain Consolidation Begins while Cattle Correction Continues
With the notable exception of soyoil, the CBOT was mostly higher on Tuesday with funds covering shorts ahead of the midweek holiday amid a few bullish head...
One Big Beautiful Bill Unveiled in the Senate
The Senate Finance Committee and its chairman Senator Mike Crapo (R-Idaho) have unveiled their tax bill as part of budget reconciliation to extend the 2017...
Summary of Futures
Jul 25 Corn closed at $4.315/bushel, down $0.0325 from yesterday's close. Jul 25 Wheat closed at $5.49/bushel, up $0.125 from yesterday's close. ...
G7 Disappointments; Deregulation and Consolidation
G7 Disappointments The Israeli-Iran war stole the thunder of the G7 meeting in Canada and while President Trump said ahead of the conference that he hoped...
Middle East, Mediterranean, and Africa Regional Analysis
Mediterranean/Middle East/North Africa/Africa – MEA Region Turkish officials announced that the cost of vessels passing through the Bosphorus/Dardane...
AP Quant: Livestock Industry Margins
Beef packer margins are on a one-way trip to a very unpleasant place and despite a brief rebound last week, remain absolutely dismal. Packer margins improv...
Market Commentary: Soyoil Locks Limit Up Again; Wheat, Corn Fall; New Highs for Hogs
Soyoil remained the star of the CBOT on Monday and locked limit-up for the second day following the surprisingly bullish EPA RVO mandates released Friday...
Summary of Futures
Jul 25 Corn closed at $4.3475/bushel, down $0.0975 from yesterday's close. Jul 25 Wheat closed at $5.365/bushel, down $0.0725 from yesterday's close...
Proposed RVOs: Record Levels of Biomass Based Diesel
On Friday, the EPA announced a proposed rule to establish required Renewable Fuel Standard volumes obligations, known as the required volume obligations (R...
WPI Crop Progress and Conditions App (Updated 16 June)
Update for 28 April 2025: Last year, users pointed out differences between the 5-year averages reported in this app and what USDA estimates in its weekly r...
Selective Deportation; G-7 Outcomes; U.S. Has the Meat
Selective Deportation The New York Times credited USDA Secretary Brooke Rolins with persuading President Trump to leave undocumented workers in agriculture...
Mercosur Regional Analysis
Corn Argentina’s corn harvest continues to advance slowly, with a weekly gain of less than 3 percent bringing nationwide progress to nearly 47 percen...