The Latest Breaking News from USDA

The Agriculture Department will work with attorneys general in 31 states and the District of Columbia to address anticompetitive markets in agriculture and related industries that result in higher prices and fewer choices for consumers and producers, the Biden administration said Wednesday.

A federal alliance with state attorneys general would target anticompetitive markets and industries that drive up food prices.

Today Barchart released it’s July 2023 Crop Production and Yield Forecasts for US corn and soybeans. The latest report indicates a decrease in US corn production with end-of-season corn production at 14,993 million bushels with a yield of 177.97 bu/ac. This compares to the previous estimate of 14,973 million bushels...

Amanda Condo works at her family’s Pennsylvania dairy farm, but her son often won’t drink milk at school. He doesn’t like the flavor.

Oct NY world sugar #11 (SBV23 ) on Monday closed -0.52 (-2.14%), and Oct London white sugar #5 (SWV23 ) closed -16.30 (-2.38%). Sugar prices Monday closed lower after WTI crude oil fell more than -1% on Monday. Weaker crude prices undercut ethanol prices and may prompt global sugar mills...

There was a great deal of noise made about Russia and the Black Sea grain deal overnight through Monday morning. All that matters though is what the market has to say about it.

On Wednesday, July 12, 2023, the U.S. Department of Agriculture released its July World Agricultural Supply and Demand Estimates Report. The monthly WASDE report is the gold standard for agricultural commodity supply and demand fundamentals. However, the report reflects a snapshot of data, and the weather and other factors will…

With the July supply and demand report out of the way and the supply outlook starting to stabilize, let's take a look at why outside market psychology matters and what I'm watching when it comes to gauging future demand.

There was a lot going on in markets this week with the three keys, in my opinion, being US stock index rallies, the "bizarre" cattle markets, and US soybeans export expectations.