News
This week, the team discusses what to look for and what to expect from Tuesday’s USDA reports.
The U.S. District Court for the District of Columbia upheld an exemption that removes the requirement to report air emissions resulting from the natural decomposition of livestock waste.
Soybean futures shot higher overnight...
Soybeans surged higher overnight, supported by Trump encouraging China to increases purchases of U.S. soybeans.
Traders await USDA supply and demand report out Tuesday
Market is factoring in an above trendline yield ahead of Tuesday’s USDA crop report.
Access this week’s newsletter here.
Fifty-three percent of agricultural economists surveyed in the July Ag Economists’ Monthly Monitor say the row crops side of agriculture is currently in a recession, which is down from the 72% who responded that way in May.
NCGA’s Krista Swanson says it would take about 226 bu. of corn to buy a ton of ammonium phosphate, which is up from the 180 bu. it took at the beginning of this year. As fertilizer costs are on the rise, corn prices are now at or below $4, and it’s creating a grim outlook for 2026.