While the MAHA report from Health and Human Services Secretary Robert F. Kennedy, Jr. still cites consolidation in the meat packing sector, Brazil’s...
Articles
Summary of Futures
Jul 25 Corn closed at $4.3875/bushel, up $0.0525 from yesterday's close. Jul 25 Wheat closed at $5.345/bushel, down $0.075 from yesterday's close.&nb...
Middle East, Mediterranean, and Africa Regional Analysis
Mediterranean/Middle East/North Africa/Africa – MEA Region Grain markets in the MENA region are quiet due to the Musim Eid holidays that extends thro...
Livestock Industry Margins
New all-time highs in fed cattle prices caused beef packer margins to collapse again last week. Beef packer margins fell $97/head to -$299 – a new al...
Market Commentary: Grains Fall on Weather Forecasts while Livestock Futures Hit New Highs
Except for the livestock futures, which all hit new contract or record highs, the CBOT was mostly lower to start the week with favorable weather and bearis...
Trade Negotiations Ramp Up; CAP Rush; Europe’s Military and Agriculture
Trade Negotiations Ramp Up The big story involves U.S. and Chinese trade negotiators meeting in London this week. Discussions lasted three hours today and...
Summary of Futures
Jul 25 Corn closed at $4.335/bushel, down $0.09 from yesterday's close. Jul 25 Wheat closed at $5.42/bushel, down $0.1275 from yesterday's close.&nbs...
USDA Trade Estimates Report Comes Under Scrutiny
USDA’s delay of its quarterly agricultural trade report, and exclusion of its typical explanatory text, raised concerns because the moves raised ques...
Mercosur Regional Analysis
Corn Argentina’s corn harvest advanced 3.3 percentage points over the past week and reached 43.8 percent of the estimated area nationwide. Prog...
European Market Analysis
Regional News Russia’s recent strikes against Ukraine and poor progress in peace talks between the two countries in Istanbul have added “...
CFTC COT Report Analysis
Friday’s CFTC report showed managed money traders became slightly more bearish the major ag markets, last week with steady net selling across the gra...
Market Commentary: Strong Friday and an Upward Bound Week
If yesterday’s trading looked like uncertainty ultimately succumbing to the bulls, today’s trading opened with the bears fully in charge. Contr...
Summary of Futures
Jul 25 Corn closed at $4.425/bushel, up $0.03 from yesterday's close. Jul 25 Wheat closed at $5.5475/bushel, up $0.0925 from yesterday's close. ...
Beyond the Report Headlines: Measuring Trump’s Effects
The BLS released the employment report this morning indicating that the U.S. added 139,000 jobs in May, down slightly from April’s revised 147,000, b...
Even After Recent Market Gains, Hog and Pork Outlook Remains Rosy
Anyone following the hog and pork markets recently has seen the volatility that preceded the recent surge to new contract highs, and the lack of consensus...
WPI Transportation Report
Dry-Bulk Markets In paper dry-bulk markets, the Capesize sector increased slightly this week on stronger demand from miners, but the move was insuffi...
Market Commentary: Volatility But Stability
It was a very active open this morning with lots of lead changes as corn and soybean traders wrestled over whether bears or bulls were in control. Even win...
Export Sale
Export Sales and Shipments for May 23-29, 2025 Wheat: Net sales reductions of 49,100 metric tons (MT) for 2024/2025. Export shipments of 540,100 MT w...
Summary of Futures
Jul 25 Corn closed at $4.395/bushel, up $0.0075 from yesterday's close. Jul 25 Wheat closed at $5.455/bushel, up $0.0225 from yesterday's close. ...
Oilseed Highlights: U.S. Crush Margins Set to Rise; China Soymeal Prices Remain Weak
The Market U.S. soybean prices have mostly been treading water these past few weeks with neither bulls nor bears able to get the upper hand for more...
Livestock Roundup: Beef Herd Rebuilding
The cattle herd is at historic lows and herd rebuilding has continued to be put off. Profitability is the key factor, and near record cattle prices have in...
Market Commentary: Bulls Gain Upper Hand for Now
Grain, oilseed, and livestock futures were all higher at the CBOT on Wednesday with various combinations of end-user buying, short covering, and improved t...
Agriculture Front and Center; Confounding Farmers; Miscellaneous Fun; Farm Bill Fight; Feeding Gaza
Agriculture Front and Center It is notable that all the examples provided by White House Press Secretary Karoline Leavitt of high foreign tariffs involved...
Summary of Futures
Jul 25 Corn closed at $4.3875/bushel, up $0.0025 from yesterday's close. Jul 25 Wheat closed at $5.4325/bushel, up $0.0725 from yesterday's close.&nb...
Black Sea Regional Analysis
Russian Grain Markets: 26 – 30 May 2025 The grain market was more similar to an end of June market rather than end of May. A new season seems to have...
Market Commentary: Role Reversals on Turnaround Tuesday
The CBOT saw a role reversal on Tuesday with the previously bearish-led corn and soybean markets finding technical and some fundamental support, while whea...
Getting Tough; Abundance Debate
Getting Tough It isn’t just the U.S. judicial system offering up hurdles to President Trump’s trade war. It has been noted that different...
Summary of Futures
Jul 25 Corn closed at $4.385/bushel, up $0.0025 from yesterday's close. Jul 25 Wheat closed at $5.36/bushel, down $0.03 from yesterday's close. ...
Feeder Cattle Outlook
Feeder steer prices remain at historic highs across all major regions, averaging 22.9 percent higher year-over- year, and 58 percent higher than the five-y...
Middle East, Mediterranean, and Africa Regional Analysis
Mediterranean/Middle East/North Africa/Africa – MEA Region Pakistan has said that it could buy additional U.S. soybeans in order to eliminate the sma...
Livestock Industry Margins
Strong meat demand for the first weekend of the unofficial summer grilling season helped both beef and pork packer margins improve last week. Beef packer m...
Market Commentary: Bears Control Corn, Soybeans; Wheat Rally Struggles
The major development at the CBOT on Monday was that bears finally gained full control of the corn and soybean markets with multiple bearish headlines allo...
Summary of Futures
Jul 25 Corn closed at $4.3825/bushel, down $0.0575 from yesterday's close. Jul 25 Wheat closed at $5.39/bushel, up $0.05 from yesterday's close. ...
TACO or Not; U.S. – Japan Relations; Reciprocal Trade Momentum; Nutritional Police State
TACO or Not Financial markets have again steadied following the renewed war of words between Beijing and Washington. The two competitors cannot agree on mu...
Tariff Threats Escalation Again: China and EU
In May, the U.S. and China agreed to reduce import tariffs by a combined 115 percentage points, down to 10 percent. The agreement was intended to cool year...
Mercosur Regional Analysis
Corn Argentina Argentina’s corn harvest continues to progress slowly, with only 40 percent of the total area harvested so far. The delay...