Grain and oilseed markets pulled back to start the week after favorable showers fell across the U.S. over the weekend. The moisture revived crop prospects...
Articles
Ten Days and Counting
Outside markets are counting on trade deals or another TACO (Trump Always Chickens Out) come 1 August. Since the 7 July announcement of the small window to...
Summary of Futures
Dec 25 Corn closed at $4.2225/bushel, down $0.055 from yesterday's close. Sep 25 Wheat closed at $5.4225/bushel, down $0.04 from yesterday's close.&n...
Tariffs Rock Japan’s Election: Rice, Oil, and Autos
Japanese Prime Minister, Shigeru Ishiba has vowed to stay on as Prime Minister despite his coalition government losing its majority in the upper house afte...
Mercosur Regional Analysis
Export Taxes The topic of export taxes continues to spark debate in Argentina, particularly soybean taxes. The return to a 33 percent rate for soybea...
CFTC COT Report Analysis
Friday’s CFTC report showed managed money shifting into a slightly more bearish stance in the ag space as they added 25,490 contacts (37 percent) to...
Summary of Futures
Dec 25 Corn closed at $4.2775/bushel, up $0.0675 from yesterday's close. Sep 25 Wheat closed at $5.4625/bushel, up $0.1275 from yesterday's close.&nb...
Market Commentary: Mostly a Green Finish of a Bullish Week
The market was green across the board in grain and oilseed in the overnight and mostly finished that way in the day session except for soyoil, where profit...
Strong Retail Sales Report and Inflation Outlook
The June retail sales report beat consensus expectations, rising 0.6 percent. Moreover, it was a strong report, with 10 out of 13 of the sales categories i...
LH 2025 and 2026 Cattle Outlook Challenging for Packers, Favorable for Producers
The biggest question in the cattle and beef markets lately has been “when does the rally stop?” after beef values and fed and feeder cattle pri...
WPI Transportation Report
Dry Bulk Markets The Capesize market is up more than 80 percent from last week’s report due to greatly improved iron ore demand in the Atlantic. Ther...
Export Sales
Export Sales and Shipments for July 4-10, 2025. Wheat: Net sales of 494,400 metric tons (MT) for 2025/2026 were down 13 percent from the previous wee...
Market Commentary: Quirky Day in a Quirky Week
It was a somewhat quirky day as grains took their lumps and soyoil supported beans. There was a new contract low in HRW, low volume trading corn and livest...
Summary of Futures
Dec 25 Corn closed at $4.21/bushel, down $0.03 from yesterday's close. Sep 25 Wheat closed at $5.335/bushel, down $0.0775 from yesterday's close.&nbs...
Identifying Mispricing Opportunities in Ag Futures
In many ways, human nature is fascinated with the future – predicting what will and what could be and formulating plans accordingly. This is one fact...
Livestock Roundup: July WASDE Beef Forecast Update
Per USDA’s annual Cattle Inventory report, the total number of cattle and calves in the U.S. as of 1 January was at its lowest point in more than 70...
Market Commentary: Three-Factor Rally for Soy Complex; Corn Extends Gains
Overnight trade saw short covering and corrective trade in corn, soybeans, and wheat but only the former two markets were able to hold their gains. Soybean...
Ups and Downs in EU AG; Brazil Targeted
Ups and Downs in EU AG Farmers in Europe cannot catch a break. For years they were they toast of the EU with the Common Agricultural Policy (CAP) garnering...
Summary of Futures
Dec 25 Corn closed at $4.24/bushel, up $0.0425 from yesterday's close. Sep 25 Wheat closed at $5.4125/bushel, up $0.0325 from yesterday's close. ...
Black Sea Regional Analysis
Russian Grain Markets: 7 – 11 July 2025 The export market is drawing all the attention and in the southern (export oriented) regions of Russia, deman...
Market Commentary: Corn Reversal Continues; Weather, Conditions Ratings Sink Soybeans
The big move at the CBOT Tuesday was a 1¾-cent gain in December corn futures – which isn’t much but that the development followed Monday...
Summary of Futures
Dec 25 Corn closed at $4.1975/bushel, up $0.0175 from yesterday's close. Sep 25 Wheat closed at $5.38/bushel, down $0.035 from yesterday's close.&nbs...
Trade War Dynamics
First quarter global merchandise trade accelerated faster than expected as everyone expedited purchases ahead of tariffs and potential slowing of import de...
Consumer Price Index and Employment Reports
The Bureau of Labor Statistics (BLS) released the June CPI this morning. The CPI increased 0.3 percent on a seasonally adjusted basis in June, after rising...
Middle East, Mediterranean, and Africa Regional Analysis
Mediterranean/Middle East/North Africa/Africa – MEA Region Egypt’s annual inflation level is at 14.4 percent in the latest month, down from 16...
Livestock Industry Margins
Beef packer margins abandoned their two-week streak of positive numbers and fell $102/head last week to -$47. The move was expected as the Choice cutout wa...
Market Commentary: Corn Posts Bullish Reversal while Soy, Wheat Slip Lower
Monday’s trade at the CBOT was interesting with corn, soybeans, and wheat all rallying off fresh contract or selloff lows overnight, but only corn ho...
States’ Rights and Hypocrisy; Purple Hair, Not Purple Food
States’ Rights and Hypocrisy Texas has become the seventh state to prohibit food products cultured from animal cells. Another half dozen states are c...
Summary of Futures
Dec 25 Corn closed at $4.18/bushel, up $0.0575 from yesterday's close. Sep 25 Wheat closed at $5.415/bushel, down $0.035 from yesterday's close. ...
Mercosur Regional Analysis
Wheat Argentina’s wheat planting is entering its final stage after a weekly advance of 12.7 percentage points at the national level, now coveri...
European Market Analysis
Regional News President Trump announced 30 percent tariffs on imports from the EU effective 1 August even as the EU and U.S. trade negotiations conti...
CFTC COT Report Analysis
Friday’s CFTC report showed managed money surprisingly shifting into a more bullish stance across the ag space, though still retaining a small net sh...
Market Commentary: Bears Resist WASDE Curveballs
U.S. crop growing weather looks near perfect. Even dry parts of Nebraska and northern Illinois have just received good relief rains. The rest of July is co...
WASDE Soybeans - July 2025
USDA’s July 2025 outlook for U.S. soybeans is for increased ending stocks compared to last month: U.S. soybean crush for 2025/26 was raised 50 millio...
WASDE Corn - July 2025
USDA’s July 2025 outlook for U.S. corn is a reduction in ending stocks from the June estimate of 1.75 billion bushels to 1.66 billion bushels. U.S. c...
Latest Tariff Threat on Brazil Expected to Hit Beef Prices
Brazil, a major ag exporter, significant player in the global economy, and founding member of the BRICS bloc, is now in President Trump’s crosshairs,...