Market Analysis

Analysts forecast corn yields at 182.4 bu/acre and soybeans at 52.9 bu/acre in USDA’s first survey-based crop production report, with total corn production seen at 15.934 billion bushels versus last year’s 17.021 billion. Private estimates range widely as weather stress takes a toll in some areas.

Bill Watts and Lane Akre discuss the weather outlook, crop conditions and a big soybean purchase by China; Spencer Langford dissects the cattle market’s reaction to the border reopening and highlights a telling statistic.

‘Surprise’ hike could extend dollar rally, creating headwind for ag commodities

Terrain’s Dave Weaber says herd expansion remains on hold heading into 2027, with feeder cattle and fed cattle prices expected to hit new highs in Q3 — even as a potential strong El Niño and the Cargill Fort Morgan lockout add fresh uncertainty to the supply picture.

The period around Independence Day can often set the tone as the growing season nears critical stages

Speculators nearly halve long exposure to agricultural futures

Bill Watts and Lane Akre discuss a weather-induced grain market selloff and this week’s WASDE report; Spencer Langford on the market implications of New World screwworm.

Record ethanol production in 2025 of 16.49 billion gallons was largely achieved by higher blend rates and a notable increase in domestic usage.

BofA data says fund managers should consider paring commodity longs amid overcrowding concerns

Historic data shows it may be too early to write off a return to normal conditions