Pro Farmer Analysis
USDA launched an initiative called the Farmer Seed Liaison, aimed at reducing confusion for growers, plant breeders, and others involved in the complex seed system.
Traders are probably correct to anticipate a seasonal downturn, but we’re not convinced the likely summer peak will come as early as they expect.
Brazil is poised to export a record 18.3 MMT of soybeans, soymeal, corn and wheat in July. . .
November soybean futures continue to climb higher but were unable to maintain last night’s gap higher caused by increased geopolitical risk around the Black Sea.
Exports have generally suffered across the world, except in regions dominated by the Commonwealth of Independent States (CIS) led by Russia, and in China.
Friday’s technically bullish weekly high closes in winter wheat futures suggest follow-through chart-based buying next week.
Soybeans were able to regain Wednesday’s losses following USDA’s bearish supply and demand data. Traders are seemingly shaking off the data and turning their focus toward late-July and August weather.
USDA Secretary Tom Vilsack said tackling climate change can boost farm revenue through the adoption of climate-smart practices.
UN Secretary-General Guterres has proposed to Russian President Putin that he extend the Black Sea grain deal in exchange for connecting a subsidiary of Russia’s agricultural bank. . .
Three senators introduced the Voluntary Groundwater Conservation Act, aiming to provide family farmers and ranchers with more flexibility to protect groundwater resources while maintaining their agricultural lands.
Renewed wholesale strength seemed to trigger a fresh surge in hog futures, with today’s big gains projecting sustained cash market strength over the short run.
Chicken’s popularity has increased greatly due to its use in home cooking, processed foods and restaurants. The beef industry has struggled to rebrand and innovate.
Trade started the week off strong with steady gains across the board as forecasts turn hot and dry next week.
Despite long-standing trends showing an increase in meat consumption as countries’ incomes rise, a shift seems to be occurring.
We share fresh outlook for the corn market broken down into the next 5, 30 and 90 day segments.
The cattle futures markets saw profit-taking pressure today after recent gains.
The lawmakers’ primary concern is the risk this plan may pose to rural America due to insufficient EV charging infrastructure.
September SRW futures rose 32 1/2 cents before settling at $6.74 1/4. September HRW futures led the complex higher, rallying 49 3/4 cents before closing at $8.46 1/4.
With notably smaller soybean acres, weather over the next month will be especially significant.
U.S. consumer sentiment increased 5.2 points (8.8%) in June to a reading of 64.4, according to the University of Michigan’s Surveys of Consumers.
The International Grains Council (IGC) cut its 2023-24 global corn crop forecast, reflecting reduced production potential in the U.S. due to drought conditions.
The winter wheat futures markets were again pulled down by another solid drop in corn futures prices. Weekly U.S. wheat sales were also disappointing.
Mexico has been a key beneficiary of reworking the global supply chains that has seen companies find ways to be closer to the U.S. economy.
The flush in the grain and soybean complex futures markets continued at mid-week, with weak long liquidation featured amid weather forecasts that have added better precipitation chances for the Midwest.
Former U.S. Trade Representative Robert Lighthizer released his book, No Trade is Free. Some nuggets:
In July, USDA will accept applications for $450 million in Higher Blends Infrastructure Incentive Program (HBIIP) grants to further support biofuel-related infrastructure.
Soybean futures saw gains today, especially in old crop futures as bulls reversed losses from late last week.
Next Friday’s acreage and Quarterly stocks reports are known as severe market catalysts that can change the trend of a market.
EPA assumes there will be rising production of sustainable aviation fuel (SAF), but that will cut into renewable diesel production.
Wheat market bulls fared pretty well today given the solid losses scored in the corn and soybean futures markets.