Latest From News

Ahead of the Open | November 15, 2021
Ahead of the Open | November 15, 2021

SRW wheat futures trade near nine-year highs to start week, corn, soybeans slightly lower.

Chart Trends: Short-term trend turns up for corn
Chart Trends: Short-term trend turns up for corn

Recent price strength has also turn the short-term trend up for soybean meal and intermediate trend sideways.

First Thing Today: Soybean meal extends Friday's gains overnight
First Thing Today: Soybean meal extends Friday's gains overnight

The strength in soymeal failed to trigger overnight buying in soybean or corn futures.

COP26: China & India Water Down Commitment to End Coal Use; U.S. Pulls Back
COP26: China & India Water Down Commitment to End Coal Use; U.S. Pulls Back

White House to host BIF signing ceremony | Biden/Xi to hold virtual summit this evening

Monday: Virtual Biden/Xi Meeting and White House Signing Ceremony for BIF
Monday: Virtual Biden/Xi Meeting and White House Signing Ceremony for BIF

Focus on CBO scoring and Sen. Manchin re: fate of Build Back Better package

Deere, UAW Reach Tentative Agreement on New Contract
Deere, UAW Reach Tentative Agreement on New Contract

Union: New offer has modest modifications to offer voted down Nov. 2; Vote Wed.

After the Bell | November 12, 2021
After the Bell | November 12, 2021

SRW wheat futures extend rally to nine-year highs on tighter global supply outlook, corn and soybeans also higher.

Pro Farmer newsletter (Nov. 13, 2021) is now available
Pro Farmer newsletter (Nov. 13, 2021) is now available

Access this week’s newsletter here.

Will Manchin Fold Like a Weak Chair or Postpone/Defeat Biden’s BBB Package?
Will Manchin Fold Like a Weak Chair or Postpone/Defeat Biden’s BBB Package?

La Niña strengthens, will persist longer than previously thought

Ahead of the Open | November 12, 2021
Ahead of the Open | November 12, 2021

Grain futures seen slightly lower as dollar strengthens, export sales meet expectations, soybeans firmer.

Sharp week-over-week declines in corn, soybean and wheat export sales
Sharp week-over-week declines in corn, soybean and wheat export sales

Export sales for all three were within expectations, with corn sales of nearly 1.1 MMT and soybean sales of almost 1.3 MMT.

First Thing Today: Grain, soy futures lower and near their overnight lows this morning
First Thing Today: Grain, soy futures lower and near their overnight lows this morning

Two-sided price action was seen in corn and wheat futures overnight, while soybeans were firmer for much of the session, but all three are weaker this morning.

After the Bell | November 11, 2021
After the Bell | November 11, 2021

After the Bell | November 11, 2021 SRW wheat futures post nine-year high as global supplies tighten, soybeans firmer, corn mostly lower.

EPA’s Biofuel Plan May Make Some ‘Unhappy’: EPA’s Regan
EPA’s Biofuel Plan May Make Some ‘Unhappy’: EPA’s Regan

Comments lead to chatter that RFS announcements may be finally coming

nebraksa drought soil 2013
A little drought improvement in HRW areas

Oklahoma saw the most drought improvement, with coverage in the state declining five percentage points over the past week.

Market Watch | November 11, 2021
Market Watch | November 11, 2021

Ethanol prices surge above $3, more than double last year's level.

Ahead of the Open | November 11, 2021
Ahead of the Open | November 11, 2021

Ahead of the Open | November 11, 2021 Grain, soybean futures seen narrowly mixed as trade awaits USDA export sales.

Impacts of Surging Inflation Mount, Including Potential Delay for BBB Package
Impacts of Surging Inflation Mount, Including Potential Delay for BBB Package

USDA announces faster line-speed trial program for nine pork plants; eyes remand of poultry line speed waivers

First Thing Today: Thank you, veterans!
First Thing Today: Thank you, veterans!

Government offices are closed for the federal Veterans Day holiday. Markets are open.

markets-up
Midweek Cash Markets | Soybean basis firms

Soybean basis firmed 6 1/4 cents over the past week to a penny above January futures.

After the Bell | November 10, 2021
After the Bell | November 10, 2021

After the Bell | November 10, 2021 Wheat futures rally to multi-year highs on shrinking global supply outlook, corn, soybeans also higher.

markets-up
U.S. consumer inflation surges to nearly a 31-year high

The surge in consumer prices came a day after data showed producer prices also jumped sharply in October.

Chinese PPI Surges | November 10, 2021
Chinese PPI Surges | November 10, 2021

Fines against idling containers is easing the backlog at the Port of Long Beach, Beijing signals willingness to cool tensions with the U.S. and USDA raised its 2021 cash steer price forecast...

Ahead of the Open | November 10, 2021
Ahead of the Open | November 10, 2021

Ahead of the Open | November 10, 2021 Grain, soybeans seen mostly firmer as market processes USDA report implications.

Consumer Price Index Surges 6.2% in October, Three-Decade High
Consumer Price Index Surges 6.2% in October, Three-Decade High

Pelosi, progressives want vote on BBB week of Nov. 15

First Thing Today: Soybeans unable to find sustained followthrough buying overnight
First Thing Today: Soybeans unable to find sustained followthrough buying overnight

Corn futures extended their gains but failed to clear yesterday’s highs. Wheat futures were mostly firmer overnight

After the Bell | November 9, 2021
After the Bell | November 9, 2021

Soybeans lead rally after USDA unexpectedly lowers U.S. production estimate; hog futures extend slide.

PF Report Reaction: USDA unexpectedly trims its soybean crop estimate
PF Report Reaction: USDA unexpectedly trims its soybean crop estimate

USDA lowered its soybean crop by 23 million bu., whereas traders expected a 36-million-bu. increase.

Higher Crop Estimates Expected | November 9, 2021
Higher Crop Estimates Expected | November 9, 2021

Traders expect USDA to raise corn and soybean estimates in today's report, the Biden Administration mulls releasing crude from reserves and cash cattle prices hit long-time high...

Ahead of the Open | November 9, 2021
Ahead of the Open | November 9, 2021

Ahead of the Open | November 9, 2021 Grain, soybean futures mostly firmer ahead of USDA Crop Production, Supply and Demand reports.

First Thing Today: Mild price gains overnight
First Thing Today: Mild price gains overnight

Spring wheat futures led overnight gains in light trade ahead of USDA's November crop reports later this morning.

wheat_april
Winter wheat CCI ratings slip

The HRW rating is well below the five-year average, while the SRW rating is still above its norm for early November.

After the Bell | November 8, 2021
After the Bell | November 8, 2021

After the Bell | November 8, 2021 Soybeans sink to seven-month low ahead of USDA reports, live cattle end at highest price since mid-2017.

House Passes Physical Infrastructure Bill – What's Next?
House Passes Physical Infrastructure Bill – What's Next?

Chip Flory and Jim Wiesemeyer discuss the recent House passage of the physical infrastructure bill, the Build Back Better bill, and the momentum the Virginia governor's race may have generated...

Soybean inspections bigger than expected
Soybean inspections bigger than expected

Soybean inspections topped 2.6 MMT the week ended Nov. 4.

Monday Morning Wake Up Call | November 8, 2021
Monday Morning Wake Up Call | November 8, 2021

Grain and soy complex futures are under pressure to open the week. Live cattle futures opened weaker but have since reversed course and lean hog futures opened firmer but have turned mildly softer.

Ahead of the Open | November 8, 2021
Ahead of the Open | November 8, 2021

Ahead of the Open | November 8, 2021 Soybean futures fall to three-week low ahead of USDA reports, corn lower, wheat mixed.

Chart Trends: Short-term trend change for cattle and hog futures
Chart Trends: Short-term trend change for cattle and hog futures

Short-term trend turns up for live cattle and sideways for hogs.

First Thing Today: Quiet start to the week
First Thing Today: Quiet start to the week

Grain and soy complex futures posted quiet, two-sided trade overnight as traders start to prepare for Tuesday's November crop reports from USDA.

Provision on Freight Cars in Infrastructure Bill Will Catch China’s Attention
Provision on Freight Cars in Infrastructure Bill Will Catch China’s Attention

White House to closely watch EIA energy price data tomorrow

Biden Takes Victory Lap After BIF Win; White House to Celebrate in Signing Ceremony
Biden Takes Victory Lap After BIF Win; White House to Celebrate in Signing Ceremony

USDA Supply/Demand reports Tuesday: Federal Reserve officials will speak this week

House Clears Traditional Infrastructure Bill with Aid of 13 Republican Votes
House Clears Traditional Infrastructure Bill with Aid of 13 Republican Votes

A delay for Build Back Better package until week of Nov. 15, with a caveat

After the Bell | November 5, 2021
After the Bell | November 5, 2021

After the Bell | November 5, 2021 Corn, soybeans futures end week lower with USDA seen raising estimates in Nov. 9 Crop Production report.

USDA releases long-term baseline projections
USDA releases long-term baseline projections

Projections of note for the 2022-23 marketing year.

Bigger corn, soybean crop estimates expected Nov. 9
Bigger corn, soybean crop estimates expected Nov. 9

The bigger crop estimate is expected to increase the 2021-22 bean ending stocks projection. But traders see corn carryover declining a little, as ethanol use is likely to rise.

Big year-over-year swings in U.S. beef, pork shipments to China
Big year-over-year swings in U.S. beef, pork shipments to China

Beef exports to China are up more than 700% this year, while pork shipments are down 37%.

Pro Farmer newsletter (Nov. 6, 2021) is now available
Pro Farmer newsletter (Nov. 6, 2021) is now available

Access this week’s newsletter here.

House Dem Leaders Think This Time They Have Votes for BBB, Then BIF
House Dem Leaders Think This Time They Have Votes for BBB, Then BIF

U.S. employers added 531,000 jobs in October, a sign growth is resuming