The Latest Breaking News from USDA

Cattle futures had a cool down last week, despite the strong cash trade. Feeders got very close to the all time high for the front month contract last week. Cash trade this week was $188-$194 in the North, and near $186 in the South. Thursday’s feeder cattle market closed with...

Looking at last week's USDA supply and demand updates, what we could see that look like as yields change as well as what else is happening in the global cash market that gives me pause

July arabica coffee (KCN23 ) on Thursday closed up +9.45 (+5.10%), and July ICE robusta coffee (RMN23 ) closed up +86 (+3.22%). Coffee prices Thursday settled sharply higher, with arabica posting a 3-week nearest-futures high and robusta posting a 2-week high. Fund buying fueled a surge in coffee prices Thursday...

July NY world sugar #11 (SBN23 ) on Thursday closed up +0.98 (+4.00%), and Aug London white sugar #5 (SWQ23 ) closed up +19.60 (+2.93%). Sugar prices Thursday rallied sharply, with NY sugar posting a 1-week high. Fund buying pushed sugar prices sharply higher Thursday after the U.S. Climate Prediction...

July arabica coffee (KCN23 ) this morning is up +9.00 (+4.85%), and July ICE robusta coffee (RMN23 ) is up +83 (+3.10%). Coffee prices this morning are sharply higher, with arabica posting a 3-week nearest-futures high and robusta posting a 2-week high. Fund buying fueled a surge in coffee prices...

Barchart released its initial round of 2023 U.S. corn and soybean production estimates ahead of USDA's next set of supply and demand guess scheduled for release Friday.

A legislative and regulatory storm is brewing as government agencies work to turn the new food stamp work requirements into reality. 

July NY world sugar #11 (SBN23 ) on Wednesday closed down -0.08 (-0.33%), and Aug London white sugar #5 (SWQ23 ) closed down -1.70 (-0.25%). Sugar prices Wednesday posted modest losses but remained above Tuesday's 6-week lows. The ongoing sugar harvest in Brazil has been weighing on prices over the...

July arabica coffee (KCN23 ) on Wednesday closed up +2.80 (+1.53%), and July ICE robusta coffee (RMN23 ) closed up +60 (+2.30%). Coffee prices Wednesday posted moderate gains, with robusta climbing to a 2-week high. A weaker dollar Wednesday (DXY00 ) was supportive of coffee prices. Smaller ICE arabica inventories...