Summary of Futures
Dec 26 Corn closed at $4.875/bushel, up $0 from yesterday's close. Sep 26 Wheat closed at $6.78/bushel, down $0.1825 from yesterday's close. Nov 26 Soybeans closed at $12.535/bushel, up $0.0975 from yesterday's close. Dec 26 Soymeal closed at $335.2/short ton, up $3.3 from yes...
U.S. Cattle on Feed - July 1 2026
U.S. Cattle on Feed on July 1 totaled 11.4 million head, 2 percent above July 1, 2025. Placements in feedlots during June totaled 1.40 million head, 3 percent below 2025. Marketings of fed cattle during June totaled 1.66 million head, 3 percent below 2025. Other disappearance totaled 50,0...
Market Commentary: Black Sea Headlines Shake Wheat Markets
What You Need to Know Today: The Trump administration announced new tariffs of 10 percent to 12.5 percent on imports from 60 major U.S. trading partners as part of a Section 301 action aimed at combating forced labor in global supply chains. Countries that have agreed to adopt and enforce bans...
Cattle on Feed and Cattle Inventory Reports
USDA’s monthly cattle on feed report was released today, along with the semi-annual cattle inventory report. The total number of cattle on feed in feedlots with a capacity of 1,000 head or more amounted to 11.4 million head, or 102 percent of last year. All cattle and calves totaled 94.2...
Section 301: A New Tariff Architecture
Just when we thought it was safe to step outside and enjoy some certainty in the world of international commerce, the Trump Administration announced on Thursday afternoon a barrage of tariffs on 60 countries based on its recent Section 301 investigations. Section 301 permits the executive branc...
Summary of Futures
Dec 26 Corn closed at $4.875/bushel, up $0.0275 from yesterday's close. Sep 26 Wheat closed at $6.9625/bushel, down $0.095 from yesterday's close. Nov 26 Soybeans closed at $12.4375/bushel, up $0.0475 from yesterday's close. Dec 26 Soymeal closed at $331.9/short ton, down $1 f...
Market Commentary: Oil Surge, Weather Risks and Export Demand Drive Grain Market Strength
What You Need to Know Today: Oil prices surged today following reports of tanker attacks off the coast of Saudi Arabia by Houthi rebels and renewed U.S. threats to escalate military strikes against Iran, heightening concerns over potential disruptions to Middle East energy supplies. Brent crud...
Livestock Roundup: Cattle on Feed and Semi-Annual Inventory Report Preview
USDA’s monthly cattle on feed report for 1 July will be released tomorrow. Analysts’ pre-report consensus estimates are for the total inventory on feed to be 102.2 percent of last year. Those estimates imply an on-feed inventory of 11.327 million head. If accurate, that would be the...
Transportation Perspectives - 23 July
Key Takeaways: The situation in the Arab Gulf is little changed this week, which is to say it is a day-by-day – and sometimes hour-by-hour – judgment call as to what is or will happen. There are some vessels transiting the Strait of Hormuz, but transits are a fraction of what they...
Summary of Futures
Dec 26 Corn closed at $4.8475/bushel, up $0.095 from yesterday's close. Sep 26 Wheat closed at $7.0575/bushel, up $0.2775 from yesterday's close. Nov 26 Soybeans closed at $12.39/bushel, up $0.1625 from yesterday's close. Dec 26 Soymeal closed at $332.9/short ton, up $5.6 from...
Market Commentary: Wild Wednesday: Weather, War and Worry
Grains posted strong gains today, putting the bulls firmly in the driver’s seat. There was no shortage of fuel for the move, with three W’s driving the rally: weather, war and worry. Weather: Cooler temperatures are temporarily easing stress across the Northern Plains and Midwest, b...
The Cotton Demand Impacts of Military Conflict
Key Takeaways: Global and U.S. cotton demand has struggled since the post-COVID-19 pandemic surge, which has left cotton prices drifting lower in the U.S. The war in Iran and the closure of the Strait of Hormuz, along with their impact on global energy markets, could boost cotton demand...
Summary of Futures
Dec 26 Corn closed at $4.875/bushel, up $0 from yesterday's close. Sep 26 Wheat closed at $6.78/bushel, down $0.1825 from yesterday's close. Nov 26 Soybeans closed at $12.535/bushel, up $0.0975 from yesterday's close. Dec 26 Soymeal closed at $335.2/short ton, up $3.3 from yes...
U.S. Cattle on Feed - July 1 2026
U.S. Cattle on Feed on July 1 totaled 11.4 million head, 2 percent above July 1, 2025. Placements in feedlots during June totaled 1.40 million head, 3 percent below 2025. Marketings of fed cattle during June totaled 1.66 million head, 3 percent below 2025. Other disappearance totaled 50,0...
Market Commentary: Black Sea Headlines Shake Wheat Markets
What You Need to Know Today: The Trump administration announced new tariffs of 10 percent to 12.5 percent on imports from 60 major U.S. trading partners as part of a Section 301 action aimed at combating forced labor in global supply chains. Countries that have agreed to adopt and enforce bans...
Cattle on Feed and Cattle Inventory Reports
USDA’s monthly cattle on feed report was released today, along with the semi-annual cattle inventory report. The total number of cattle on feed in feedlots with a capacity of 1,000 head or more amounted to 11.4 million head, or 102 percent of last year. All cattle and calves totaled 94.2...
Section 301: A New Tariff Architecture
Just when we thought it was safe to step outside and enjoy some certainty in the world of international commerce, the Trump Administration announced on Thursday afternoon a barrage of tariffs on 60 countries based on its recent Section 301 investigations. Section 301 permits the executive branc...
Summary of Futures
Dec 26 Corn closed at $4.875/bushel, up $0.0275 from yesterday's close. Sep 26 Wheat closed at $6.9625/bushel, down $0.095 from yesterday's close. Nov 26 Soybeans closed at $12.4375/bushel, up $0.0475 from yesterday's close. Dec 26 Soymeal closed at $331.9/short ton, down $1 f...
Market Commentary: Oil Surge, Weather Risks and Export Demand Drive Grain Market Strength
What You Need to Know Today: Oil prices surged today following reports of tanker attacks off the coast of Saudi Arabia by Houthi rebels and renewed U.S. threats to escalate military strikes against Iran, heightening concerns over potential disruptions to Middle East energy supplies. Brent crud...
Livestock Roundup: Cattle on Feed and Semi-Annual Inventory Report Preview
USDA’s monthly cattle on feed report for 1 July will be released tomorrow. Analysts’ pre-report consensus estimates are for the total inventory on feed to be 102.2 percent of last year. Those estimates imply an on-feed inventory of 11.327 million head. If accurate, that would be the...
Transportation Perspectives - 23 July
Key Takeaways: The situation in the Arab Gulf is little changed this week, which is to say it is a day-by-day – and sometimes hour-by-hour – judgment call as to what is or will happen. There are some vessels transiting the Strait of Hormuz, but transits are a fraction of what they...
Summary of Futures
Dec 26 Corn closed at $4.8475/bushel, up $0.095 from yesterday's close. Sep 26 Wheat closed at $7.0575/bushel, up $0.2775 from yesterday's close. Nov 26 Soybeans closed at $12.39/bushel, up $0.1625 from yesterday's close. Dec 26 Soymeal closed at $332.9/short ton, up $5.6 from...
Market Commentary: Wild Wednesday: Weather, War and Worry
Grains posted strong gains today, putting the bulls firmly in the driver’s seat. There was no shortage of fuel for the move, with three W’s driving the rally: weather, war and worry. Weather: Cooler temperatures are temporarily easing stress across the Northern Plains and Midwest, b...
The Cotton Demand Impacts of Military Conflict
Key Takeaways: Global and U.S. cotton demand has struggled since the post-COVID-19 pandemic surge, which has left cotton prices drifting lower in the U.S. The war in Iran and the closure of the Strait of Hormuz, along with their impact on global energy markets, could boost cotton demand...