Search

July 10, 2025

Cash cattle prices have retreated from recent record levels but remain at historic highs.

CPC puts nearly 90% odds of neutral conditions lasting through August and 56% chances they will persist until October.

Drought covers 35% of spring wheat areas, but only minor levels for corn, soybeans and cotton.

July 10, 2025

Brazil threatens reciprocal measures to Trump’s planned tariffs.

Traders failed to respond to strong weekly export sales reported near the end of overnight trade, signaling focus remains on weather.

Corrective buying in wheat futures early this morning helped pull corn and soybeans off their overnight lows.

Basis is better than average for SRW, but well below average for HRW.

The latest letters were sent to six countries, which are relatively minor trading partners.