Dec 25 Corn closed at $4.22/bushel, down $0.0375 from yesterday's close.  Dec 25 Wheat closed at $5.1975/bushel, down $0.0725 from yesterday's close.&...

Yesterday, WPI presented our initial acreage forecasts for the 2026 U.S. crop year with a focus on the major crops (corn, soybeans, and all-wheat). Today,...

USDA released its quarterly hogs and pigs report yesterday. The inventory of all hogs and pigs on 1 September was 74.5 million head, down 1 percent from Se...

Dry bulk markets are mixed this week as the Capesize sector saw renewed strength while Panamax and Supramax markets struggled to maintain rates.  Cape...

With the damage from Argentina’s export tax suspension over, markets recovered from yesterday’s losses. Like putting a band aid on a fresh woun...

Export Sales and Shipments for September 12-18, 2025  Wheat: Net sales of 539,800 metric tons (MT) for 2025/2026 were up 43 percent from the previous...

Dec 25 Corn closed at $4.2575/bushel, up $0.015 from yesterday's close.  Dec 25 Wheat closed at $5.27/bushel, up $0.075 from yesterday's close. ...

WPI’s initial acreage forecasts for the 2026 U.S. crop year show producers executing a mild expansion of soybean acres at the expense of corn while s...

According to Meat & Livestock Australia (MLA), that country is forecast to produce a record 2.79 MMT of beef in 2025. This is a large turnaround after...

Ag futures were mostly lower at mid-week with the advancing U.S. corn and soybeans harvests and massive soybean sales from Argentina creating a bearish sen...

Dec 25 Corn closed at $4.2425/bushel, down $0.02 from yesterday's close.  Dec 25 Wheat closed at $5.195/bushel, down $0.01 from yesterday's close.&nbs...

President Trump receives harsh criticism for disrupting the international order and his UN speech is no different. His critics called it meandering, full o...

Russian Grains Market: 15–19 September 2025 Bullish sentiment returned to the Russian grain markets during the third week of September, defying expec...

The CBOT was mostly higher on Tuesday as strong export demand – even in spite of Argentina’s temporary export tax cut – continues to driv...

Yesterday, Argentina temporarily stopped its export tax on grains and co-products, as well as beef and poultry, something President Javier Milei had propos...

Surreptitious NTB Import inspectors in Western democracies would blow the whistle if politically told to single out and reject product from a specific fore...

Dec 25 Corn closed at $4.2625/bushel, up $0.045 from yesterday's close.  Dec 25 Wheat closed at $5.205/bushel, up $0.0975 from yesterday's close. ...

Mediterranean/Middle East/North Africa/Africa – MEA Region Iraq’s 2025 wheat crop is above the five-year average at a total of 5.1 MMT which is...

Beef packer margins pulled back last week but remained positive for just the sixth time this year. Margins fell about $64/head due to weaker beef prices (e...

The CBOT was sharply lower to start the week as markets had a negative reaction to surprising policy developments from South America. Argentina’s gov...

Convenience over Causation A months’ long commitment to delivering in September led to today’s announcement by chemo-phobe RFK, Jr. that, &ldqu...

Dec 25 Corn closed at $4.2175/bushel, down $0.0225 from yesterday's close.  Dec 25 Wheat closed at $5.1075/bushel, down $0.1175 from yesterday's close...

Yesterday, USDA released a statement confirming the detection of New World Screwworm (NSW) in in Sabinas Hidalgo, located in the Mexican state of Nuevo Le&...

Argentina’s Tax Policy Update On Monday, 22 September, the Argentine government announced a temporary elimination of export duties on all grains and...

Dry bulk markets were volatile last week but failed to settle on much of a direction. Capesize markets stabilized and seemed to be finding a little support...

Friday’s CFTC report showed managed money traders cutting back short positions across the ag space as technical conditions strengthened for corn, soy...

Markets were over-weight on the Xi – Trump phone call this morning. The phone call went well enough but after it became clear there was no deal on ag...

U.S. Cattle on Feed in feedlots with capacity of 1,000 or more head totaled 11.1 million head on September 1, 2025. The inventory was 1 percent below Septe...

USDA’s monthly Cattle on Feed report was released today at 3 p.m. Total cattle on feed amounted to 11.1 million head, 99 percent of last year, as exp...

Dec 25 Corn closed at $4.24/bushel, up $0.0025 from yesterday's close.  Dec 25 Wheat closed at $5.225/bushel, down $0.0175 from yesterday's close.&nbs...

Southern Plains cow-calf producers’ profitability outlook continues to defy all bullish expectations with projected returns surging to all-time highs...

Export Sales and Shipments for September 5-11, 2025 Wheat: Net sales of 377,500 metric tons (MT) for 2025/2026 were up 24 percent from the previous week, b...

Grain and oilseed trading was mostly in the red today, with livestock markets trading higher. Volume was higher today in soymeal, but otherwise it was mode...

In mythology or legends, the hero is obviously identified – the “good guy” standing up for justice, not compromising what is right, and d...

Dec 25 Corn closed at $4.2375/bushel, down $0.03 from yesterday's close.  Dec 25 Wheat closed at $5.2425/bushel, down $0.04 from yesterday's close.&nb...

USDA’s monthly Cattle on Feed report will be released tomorrow. Analysts’ pre-report consensus estimates are for the total inventory on feed to...

Technical selling, disappointment with the USDA’s latest policy moves, and favorable rains across the Midwest took a bearish toll on the CBOT markets...

Dec 25 Corn closed at $4.2675/bushel, down $0.0275 from yesterday's close.  Dec 25 Wheat closed at $5.2825/bushel, down $0.0575 from yesterday's close...

WTO and Trump To quote Wikipedia, James Bacchus is “an American statesman, scholar, writer, and politician". He also served as a founding member and...

Russian Grains Market: 8–12 September 2025 Bearish sentiment in the Russian grains markets eased during the second week of September, with prices sta...

The CBOT was higher on Tuesday in a continuation of the post-WASDE exuberance. Rather than USDA’s world balance sheets providing a reason to rally, h...

U.S. imports of biodiesel and renewable diesel significantly decreased in the first half of 2025 compared with the same period in previous years. This decl...

No Tariffs, No Reforms U.S. President Donald Trump has urged the EU to join him in imposing tariffs on China and India for purchasing Russian oil. EU offic...

Dec 25 Corn closed at $4.295/bushel, up $0.0625 from yesterday's close.  Dec 25 Wheat closed at $5.34/bushel, up $0.09 from yesterday's close.  N...

Mediterranean/Middle East/North Africa/Africa – MEA Region Turkey’s courts have surprised the grain/oilseed industry by ruling that an arbitrat...

Beef packer margins improved for the sixth straight week to put returns at their highest point in two years. The increase in margins came despite a pullbac...

The CBOT was mostly in the red to start the week with the bullishness from Friday’s WASDE report failing to trigger enthusiasm from bulls this week...

The Federal Reserve’s Federal Open Market Committee (FOMC) will meet on Tuesday and Wednesday of this week with the make-up of the committee still up...

Dec 25 Corn closed at $4.2325/bushel, down $0.0675 from yesterday's close.  Dec 25 Wheat closed at $5.25/bushel, up $0.015 from yesterday's close.&nbs...

Notably, Congressional Republicans followed the demands of farm groups and added a provision in the latest government funding bill that some say would shie...

Corn  Argentina’s 2024/25 corn harvest is virtually complete, with only isolated fields still being collected. Final output is expected to excee...

Milling Wheat  Global wheat futures all hit new contract lows last week with strong Russian exports (at cheaper prices), larger global production esti...

Friday’s CFTC report showed managed money traders embarking on a second straight week of net short selling across the ag space as they slightly expan...

While there was some red flashing early in today’s trading session, by the close all major grain and oilseed contracts were in the green. Ahead of US...

Soybeans – USDA’s Sep 2025 outlook is for higher U.S. ending stocks to 300 million bushels, up 10 million from last month. The U.S. seasonal av...

Corn – USDA’s Sep 2025 outlook is for greater supplies, larger exports, and a slight reduction in ending stocks by 7 million bushels to 2.1 bil...

Wheat - USDA’s Sep 2025 outlook is for U.S. total wheat exports to increase by 25 million bushels to 900 million. That reduced ending stocks by 25 mi...

Dec 25 Corn closed at $4.3/bushel, up $0.1025 from yesterday's close.  Dec 25 Wheat closed at $5.235/bushel, up $0.02 from yesterday's close.  No...

Despite record high yields from corn and soybeans in today’s WASDE, the forecast for red meat and broiler production in 2025 was reduced slightly fro...

The headline figures from the September WASDE were the U.S. corn and soybean yield and production figures, both of which were in line with expectations, an...