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Cattle futures plunged for the second straight session.

The Seasonal Drought Outlook calls for drought to persist or develop across the much of the western Corn Belt and Plains through August.

May 15, 2025

Soy stocks historically come in tighter than estimated.

Wheat continues to lead strength. Old-crop corn saw impressive strength this morning following higher than expected export sales.

Limit-down trade in soyoil tied to concerns the renewable diesel target for next year may be lower than expected and sharply lower trade in crude oil.

Package was approved in a party-line vote of 29-25.

Corn basis improved but remains much weaker than average.

GOP leaders are hoping to solidify a package that can pass the full House by Memorial Day.

May 14, 2025