News
USDA’s latest outlook, released yesterday, projects the U.S. ag trade deficit at $47 billion in FY25, narrowing slightly from earlier estimates, and falling to $41.5 billion in FY26.
$15 to $20 per acre decrease in 2026 cash rents projected
Lack of export interest continues to draw attention in soybeans.
China still avoiding buying U.S. soybeans
Federal officials confirmed the case on August 4 but did not release information publicly until Reuters broke the news yesterday.
Soybeans lead overnight strength while corn and wheat saw action on either side of unchanged.
Cool weather this week in the Midwest
Conditions declined but still remain stronger than last year