The CBOT was mostly higher before the Christmas holiday with grains in the lead, though with each market seeing a different fundamental driver. Wheat futur...
Articles
Summary of Futures
Mar 26 Corn closed at $4.51/bushel, up $0.035 from yesterday's close. Mar 26 Wheat closed at $5.2175/bushel, up $0.0475 from yesterday's close. ...
China Market Analysis
Soybean Auction Falters To make way for recent purchases of U.S.-grown soybeans, Sinograin has been auctioning state-owned reserves of soybeans imported in...
Black Sea Regional Analysis
Russian Grains Market: 15–19 December 2025 Russia’s grain markets remained stable and bearish, with weak domestic and export demand limiting pr...
CFTC COT Report Analysis
Friday’s CFTC report showed managed money traders paring back long positions across the ag space as technical conditions quickly deteriorated for the...
Market Commentary: The Tempo not the Quantum
Everyone knows the volume traded this week will be lower, but there is no break in the directional adjustments. The corn market still had to continue its m...
Summary of Futures
Mar 26 Corn closed at $4.475/bushel, up $0.005 from yesterday's close. Mar 26 Wheat closed at $5.17/bushel, up $0.015 from yesterday's close. J...
Quarterly Hogs and Pigs Report
USDA released its quarterly Hogs and Pigs report today. The inventory of all hogs and pigs on 1 December was 75.5 million head, up 1 percent from December...
European Market Analysis
Regional News Russia’s latest attacks on Ukraine’s Odesa Black Sea port infrastructure on 23 December reportedly damaged a vessel carryin...
Middle East, Mediterranean, and Africa Regional Analysis
Mediterranean/Middle East/North Africa/Africa – MEA Region Egypt’s Safaga port, south on the Red Sea, will be expanded and improved as a result...
Livestock Industry Margins
Beef packer margins deteriorated further last week, extending their move into negative territory after early December’s strong profits. Margins fell...
Market Commentary: CBOT Bounces on Short-Covering and Positive Export Data
The CBOT turned higher on Monday with positive export data from USDA and a healthy dose of bottom-picking and pre-holiday short covering driving the upside...
Cattle on Feed for Dec 2025
USDA reports U.S. Cattle on Feed down 2 percent in feedlots with capacity of 1,000 or more head to total 11.7 million head on December 1, 2025. Place...
WTO Gets Trumped; Novel Remains Unusual; Cheese Diversion
WTO Gets Trumped The WTO was thrown out back on 2 April when President Trump announced his reciprocal tariffs. The tariffs totally violated U.S. obligation...
Summary of Futures
Mar 26 Corn closed at $4.47/bushel, up $0.0325 from yesterday's close. Mar 26 Wheat closed at $5.155/bushel, up $0.0575 from yesterday's close. ...
Beef Market Recap and Outlook
On 21 November, Tyson Foods, one of the largest beef packing companies in the United States, announced it will close its cattle slaughter facility in Lexin...
CFTC COT Report Analysis
The attached PDF offers graphical depiction and seasonal analysis of managed money and commercial traders' net position in key agricultural commodity marke...
Mercosur Regional Analysis
WHEAT Harvest advanced 13.1 percent week-over-week, reaching 73 percent of total area, with yields remaining above average and above earlier expectations...
WPI Grain Transportation Report
Dry-bulk freight markets are mixed this week with pre-holiday trade driving diverging trends. The Capesize sector saw some strength, primarily in the Atlan...
Market Commentary: Volume Gives Way as Bearish Slide Moderates
There was lower volume in the grain pits today, with perhaps some stronger interest in the last few days of holiday shopping. Traders were not buying corn...
Cattle on Feed Report: Record Low Placements, Second Lowest Marketings
USDA’s monthly Cattle on Feed report was released today. Total cattle on feed amounted to 11.7 million head, 98 percent of last year. P...
Summary of Futures
Mar 26 Corn closed at $4.4375/bushel, down $0.0075 from yesterday's close. Mar 26 Wheat closed at $5.0975/bushel, up $0.02 from yesterday's close.&nb...
It’s Official, Cow-Calf Profits Hit Record for 2025
December is upon us and the fall calf run all but ended, the beef industry is finalizing its estimates of 2025 profitability and market performance. For co...
Market Commentary: Corn Firm, Bean Weak, Weak Wheat Rebound
Overall, it remains a sideways market with corn showing the most confidence but overall market weakness that is both seasonal, and reflective of the fundam...
Livestock Roundup: Meat Market Recap, Beef is Driver
Reported November meat sales data show meat department sales were positive and have remained so since Q1 of 2023. In all cases, dollar gains were from a co...
Summary of Futures
Mar 26 Corn closed at $4.445/bushel, up $0.04 from yesterday's close. Mar 26 Wheat closed at $5.0775/bushel, up $0.015 from yesterday's close. ...
Export Sales
Export Sales and Shipments data for the week ending Nov 27, 2025...
CFTC COT Report Analysis
The following tables/charts reflect the CFTC's latest data release, which covers traders' positions through 2 December. The data are, obviously, delayed du...
Market Commentary: Corn Bounces while Wheat, Soybeans Fall Further
Bears were once again in charge of the CBOT on Wednesday, though they temporarily relinquished control of the corn market to bulls. Funds were aggressive s...
Europe; Greening; AI; Ice Cream; UPFs; Algorithms
Europe Pivot Point EU leaders will hold a very pivotal meeting tomorrow covering a range of issues including the use of Russian assets and security guarant...
Summary of Futures
Mar 26 Corn closed at $4.405/bushel, up $0.04 from yesterday's close. Mar 26 Wheat closed at $5.0625/bushel, down $0.0325 from yesterday's close.&nbs...
Black Sea Regional Analysis
Russian Grains Market: 8–12 December 2025 Russia’s grain market continued its bearish trend that began in early December. Global fundamentals r...
Livestock Industry Margins
Beef packer margins reversed sharply lower last week, swinging back into negative territory after six straight weeks of positive returns. Margins fell $145...
Market Commentary: Downtrend Dominance; Wheat Hits New Lows; Soy Falls on Crush Numbers
Each year, the Chinese zodiac calendar features one animal to mark and typify the coming 365 days. If that process were applied to CBOT trade, Tuesday woul...
Bearish Sugar Prices to Continue Despite Production Increases
The U.S. 2025/26 sugar supply is forecast at 14.119 million short tons, raw value (STRV), down 1,800 STRV from November as the decrease in expected imports...
China Market Analysis
Beans to Storage China is carrying out its annual purge of stored soybeans, selling them at around a half million tons per week over two months at auction...