HRS Wheat
The HRS wheat basis market is neutral-to-weak. Last week’s calculation came in near 59.25 cents under December futures (solid green line) as compared to the previous week’s 59.75 cents under [...]
Live Cattle
The Live Cattle national average basis market is strong. Cash was reported Friday afternoon at $226, up $3.50 from the previous week. October futures closed Friday at $218.875, up $2.95 [...]
August 2026: Cold Storage
The USDA/NASS Cold Storage report for August 31, 2026 was released Friday afternoon. Taking the beef, pork, and poultry numbers at face value, we may be seeing the first clear [...]
CFTC Commitments of Traders
Net Positions as of Tuesday, September 22 (Legacy, Futures Only) Corn: Net-long 535,801 contracts (a decrease of 6,583 contracts) HRW Wheat: Net-long 26,490 contracts (a decrease of 3,845 contracts) Soybeans: [...]
The Remains of the Day
Afternoon Summary: As I watched Friday’s session unfold, I found it interesting how so many markets didn’t, couldn’t, hold activity seen overnight through the pre-dawn hours. I’ll talk about the [...]
Nov Soybean/Dec Corn 2027: Week 4
Week 4 of the 26-week (6-month) tracking period for the 2027 edition of the November soybean/December corn futures spread is in the books. Those of you who have been with [...]
The Morning After
Morning Summary: I’ll admit, I was more interested than usual to fire up the quote screen and see what direction algorithms had taken the commodity complex overnight. After all, it [...]
September 2026 Quarterly Hogs and Pigs
USDA/NASS released its Quarterly Hogs and Pigs report for September 1, 2026 with the U.S. inventory number coming in at 74.302 million head (mh). This was: up 2% from the [...]
Party Like It’s 1972
Afternoon Summary: In my latest Weekly Column, I talked about traveling back to days of old Dodge City, the time misrepresented by the legendary television program Gunsmoke. The reality, though, [...]
Corn Weekly Export Sales and Shipments
The latest weekly export sales and shipment update showed 2026-2027 marketing year export shipments of U.S. Corn at 172 mb (blue column) through Thursday, September 17, a point in the [...]
Soybean Weekly Export Sales and Shipments
The latest weekly export sales and shipment update showed 2026-2027 marketing year export shipments of U.S. soybeans at 58 mb (blue column) through Thursday, September 17, a point in the [...]
Soybean Oil Weekly Export Sales and Shipments
The latest weekly export sales and shipment update showed 2025-2026 marketing year export shipments of U.S. soybean oil at 364.8 (1,000 mt) (blue column) through Thursday, September 17, a point [...]
Soybean Meal Weekly Export Sales and Shipments
The latest weekly export sales and shipment update showed 2025-2026 marketing year export shipments of U.S. soybean meal at 18,380.35 (1,000 st) (blue column) through Thursday, September 17, a point [...]
Cotton Weekly Export Sales and Shipments
The latest weekly export sales and shipment update showed 2026-2027 marketing year export shipments of U.S. upland cotton at 1,217.6 (1,000 running bales) (blue column) through Thursday, September 17, a [...]
Sorghum Weekly Export Sales and Shipments
The latest weekly export sales and shipment update showed 2026-2027 marketing year export shipments of U.S. sorghum at 1 mb (blue column) through Thursday, September 17, a point in the [...]
Wheat Weekly Export Sales and Shipments
The latest weekly export sales and shipment update showed 2026-2027 marketing year export shipments of all U.S. Wheat at 231 mb (blue column) through Thursday, September 17, a point in [...]
Beef Weekly Export Sales and Shipments
The latest weekly export sales and shipment update showed 2026 calendar-year export shipments of U.S. beef at 473.3 1,000 MT (blue column) through Thursday, September 17, a point in the [...]
Pork Weekly Export Sales and Shipments
The latest weekly export sales and shipment update showed 2026 calendar-year export shipments of U.S. pork at 1,257.5 1,000 MT (blue column) through Thursday, September 17, a point in the [...]
Export Sales Announcement
USDA announced sales of 120,000 mt of 2026-27 soybeans to China. What a shock.
US Drought Monitor
The latest weekly US Drought Monitor update, for the week ending Tuesday, September 22 (slide 1) showed little change from the previous week (slide 2), though northeast Kansas and northwest [...]
The Time Has Come
Morning Summary: When I first fired up the quote screen Thursday morning and saw the Energies sector and Oilseed sub-sector both rallied overnight, my first thought was the US president [...]