News
Acres saw a minor uptick while analysts expected a modest cut
Corn acres landed above the average pre-report estimate, though lighter-than-expected June 1 stocks are supportive. Wheat acreage and stocks were mostly short of average pre-report estimates.
USDA says Trump’s executive order suspending phosphate duties could cut fertilizer prices by about 22%, saving U.S. farmers an estimated $1.82 billion annually across 97 million planted acres.
Dangerous heat still enveloping much of Midwest
The Executive Order signed by President Trump Monday comes after years of farmer lobbying against phosphate duties, with Texas A&M estimating $6.9B in added costs since 2021 tied to sharply higher DAP fertilizer prices.
Improvements in the western Corn Belt outweighed deterioration elsewhere
Bill Watts and Lane Akre discuss weather, demand and what it means for balance sheets. Spencer Langford dives into expectations around the June 30 Acreage report and quarterly Grain Stocks.