News
The dry conditions have allowed for swift planting progress
Nearly half of Oklahoma and Nebraska wheat is rated poor to very poor as record heat and extreme moisture deficits stress the 2026 Hard Red Winter crop.
Wheat led strength overnight, soybeans led weakness and corn was caught in the middle.
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
Corn futures continue to push higher and are leading strength, while soybeans followed to the upside overnight.
Stormy, windy in the Midwest, Plains states the next couple days
A Farmer’s Keeper survey of 4,000 farmers shows 20% are cutting corn acres as record fertilizer prices and supply gaps force last-minute shifts toward soybeans and other crops to protect profitability.
Soybeans led strength overnight with corn following to the upside. Both are trading near recent highs
Latest USDA crop progress data shows deteriorating U.S. wheat crop
Freezing temperatures pushed condition ratings lower again this week
Spencer Langford hits the news before Editor Bill Watts discusses a return to price action reflecting fundamentals rather than the war in Iran with Economist Lane Akre.
Heightening tensions in the Middle East grabbed the attention of the marketplace overnight.
Risk-off mentality to start the trading week
In a candid conversation with Farm Journal, USDA Deputy Secretary Stephen Vaden says USDA’s message to fertilizer companies is simple: “Be part of the solution, don’t be part of the problem.”
Figures largely in line with analyst expectations