Pro Farmer
The U.S. Department of Justice is intensifying scrutiny across agricultural markets as rising food prices and input costs put pressure on both consumers and producers
USDA annual summary shows red-meat production fell 2% last year, with beef production down 4%.
Soybean meal once again an anchor weighing down soybeans
While the S&P 500 hits record highs, a 46% surge in diesel and restricted fertilizer flows through the Strait of Hormuz mean ag input costs might not normalize until at least 2028.
Corn futures continue to push higher and are leading strength, while soybeans followed to the upside overnight.