Insights and Stories on USDA

Jan. 8, 2024 at 2:47 pm CST

With Brazil having faced opposing weather extremes, there’s little surprise the United States Department of Agriculture attaché cut their soybean production estimate for 2023/24. The Brasilia desk reduced its call from a record 162 million tonnes to 158.5 million in its latest report.

By Glen Hallick - MarketsFarm

Jan. 5, 2024 at 4:40 pm CST

Technical buying and short covering boosted lean hog futures at the Chicago Mercantile Exchange on Friday, traders said, extending gains a session after the market climbed by its daily maximum.

By Reuters, Tom Polansek

Jan. 5, 2024 at 4:03 pm CST

Chicago Board of Trade soybean futures crumbled to their lowest prices since June on Friday and declined for a third consecutive week as much-needed rains hit dry growing areas in Brazil.

By Reuters, Tom Polansek

Jan. 4, 2024 at 4:23 pm CST

Chicago Board of Trade soybean futures extended recent losses on Thursday as the market remained under pressure from rains in dry areas of Brazil and expectations for more beneficial showers.

By Reuters, Tom Polansek

Jan. 3, 2024 at 5:16 pm CST

Chicago Mercantile Exchange lean hog futures set contract lows for a second consecutive session on Wednesday under pressure from ample supplies.

By Reuters, Tom Polansek