News
Heatwave in France may cut its corn production by one-third
Farm Journal’s June Ag Economists’ Monthly Monitor shows a weaker ag economy versus a year ago, but more than 80% expect consistent or better conditions over the next 12 months despite ongoing margin pressure.
U.S. areas suffering from dryness or drought are down 10.6% over the last month
Soybeans take a turn leading the way higher.
Key U.S. jobs report out today
Corn, soybeans and wheat each saw an impressive push higher this morning, pushing prices into the upper end of yesterday’s range
Grain prices firmer overnight; Thursday’s price action extra important
The June Farm Journal Ag Economists’ Monthly Monitor reveals a majority of ag economists support reopening the Mexican border and rank weather and input costs as more immediate threats to the U.S. cattle herd.
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