Agriculture News
NOAA and CPC issue an official El Niño watch with a 62% chance of forming by late summer. Meteorologist Drew Lerner explains why it’s coming sooner than expected, but warns the extreme forecasts may be overstated. What it could mean for global crops this year.
No changes were made to the U.S. wheat and corn balance sheets, while a 5-million-bu. increase in soybean imports was offset by a 5-million-bu. increase in crush. Corn, soybean and cotton world ending stocks were each higher than respective pre-report estimates.
A wet, active weather pattern across the Eastern Corn Belt could delay early planting this spring. Meteorologist Matt Griffin says repeated rain events through March and April may keep fields too saturated for fieldwork east of Iowa.
South American corn and soybean production estimates will be closely watched
Grains rally as crude oil soars above $100 a barrel
Bloomberg Spot Commodity Index surpasses 2022 peak as energy markets soar
The situation in Iran drove fertilizer prices higher this week while raising shortage fears. Analysts warn higher input costs could shift up to 1 million 1.5 million acres from corn to soybeans this spring.
USDA is urging farmers to respond to 2026 acreage surveys as skepticism grows over recent corn acreage revisions. Officials say stronger participation is key to maintaining the accuracy and credibility of crop reports.
Warmer than normal winter weather is draining soil moisture
Future expectations gauge falls to lowest since September 2024, Purdue University-CME Group Ag Economy Barometer shows