The latest USDA American Farms and Ranches at a Glance report offers insights to how row crop growers are making a go of it financially in 2025.

Brad Kooima, Kooima Kooima Varilek, says live cattle futures are consolidating which is healthy. Meanwhile, corn and soybeans make new highs for the move still digesting USDA’s bullish report data and the shocking cuts in yield, production and ending stocks.

Jerry Gulke, president of the Gulke Group, says as of Friday’s report, USDA has dropped corn ending stocks nearly 1 billion bushels from their initial estimate during the February 2024 Ag Outlook Forum when the agency projected carryout at 2.532 billion bushels based on trend-line yield.

Prime Minister Justin Trudeau’s administration aims for a “dollar-for-dollar” response.

USDA lowered corn yield a whopping 3.8 bu. and soybeans 1 bu. which led to lower production and ending stocks.

Allison Thompson with The Money Farm says corn has rallied nearly $1 and soybeans around 50 cents off the lows. So production and ending stocks will need to come in well under trade estimates in the USDA reports for prices to push higher.

Farmers and trade anticipate final numbers from the crop production summary on Friday. The latest information from WASDE, winter wheat seedings and quarterly stocks will be available tomorrow.

Federal Reserve officials expect inflation to continue slowing this year, but also saw a rising risk that price pressures may remain sticky.

Rich Nelson with Allendale, Inc. says grain markets are seeing early pressure with a rebound in the U.S. dollar index back near recent highs, but also watching South American weather and ahead of USDA reports on Friday.

Grassley criticized EPA for relying heavily on foreign records to verify compliance with the Renewable Fuel Standard (RFS), calling the approach inadequate.