USDA Crop Progress Reports
Lewis Williamson with HTS Commodities discusses current crop conditions, harvest progress, market trends, and the outlook for E15 fuel.
Drought, Heat, And Markets Shape Weekly Farm Conditions
USDA says 77 percent of the U.S. peanut crop reached the pegging stage. Condition ratings slipped one point week-over-week, but 60 percent of the crop remains rated good-to-excellent.
Lewis Williamson discusses the latest USDA Crop Progress report, weather, Black Sea exports, tariffs, and other factors shaping corn and soybean markets this summer.
Heat, Rain Shape Crops As Harvests Advance Nationwide
Global conflicts, labor policy, and tightening wheat supplies are all competing for the attention of agricultural markets as producers navigate another volatile growing season.
Weather remains the biggest market driver as corn pollinates, while Guatemala’s E10 mandate and growing demand in Latin America create new opportunities for U.S. ethanol exports.
Wheat Supplies Tighten As Summer Weather Shapes Production
Wheat production forecast down 7 million from June and the lowest since 1970/71. Winter wheat saw the largest adjustment. Global wheat stocks also moved lower as consumption increased and supplies tightened.
USDA’s July WASDE report projects the smallest U.S. wheat crop since 1970, tighter corn stocks, stronger soybean exports, larger cotton supplies, and higher cattle prices.