USDA Reports
Live and feeder cattle futures made new highs for the move Monday morning after a strong close Friday and higher weekly closes. However, the big catalyst is the bullish USDA Cattle on Feed Report data according to Rich Nelson of Allendale, Inc.
Jon Scheve discusses what is impacting bean prices right now and provides the detail and rationale of a recent trade he did that sold 100% of his soybeans.
As farmers look ahead to 2026, grain markets are sending mixed signals based on record corn exports, large supplies, federal payments and ongoing China trade uncertainty.
Jon Scheve discusses what is impacting corn prices right now and how the different USDA categories are tracked and estimated.
Jon Scheve discusses the USDA report and what will be impacting soybean prices moving forward.
Jon Scheve discusses the highlights of the latest USDA report and what to expect moving forward.
The biggest surprise came from the agency cutting corn yield less than a bushel and loweing soybean exports by 50 million bushels.
Details are minimal so it’s not clear how there will be enough staff to provide the Milk Production, Crop Production, Cattle on Feed and WASDE reports with many still furloughed.
The impact of disease and dry conditions are becoming increasingly evident as combines roll. More than 70% of farmers report steady or lower yields in Ohio, Indiana, Illinois, Iowa, Minnesota, Nebraska and South Dakota.
Dan Basse, Ag Resource Company, says corn stocks were 207 million bu. above USDA’s projected ending stocks which was bearish for the market. Soybeans also made new lows for the move despite a slightly friendly report.