July 01, 2026
Mixed Signals, Strong Margins

Strong margins persist despite a disappointing seasonal cutout rally In ...

Strong margins persist despite a disappointing seasonal cutout rally In this column, I typically focus on the fundamental drivers influencing hog producer profit margins. While aggregate open ...

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May 12, 2026
May 2026 WASDE REPORT SUMMARY AND NOTES:

This report was considered bullish for wheat and soybeans while neutral for ...

This report was considered bullish for wheat and soybeans while neutral for corn. The market's focus will continue to eye planting progress, early season crop development and this week's U.S./China ...

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April 09, 2026
April 2026 WASDE REPORT SUMMARY AND NOTES:

This report was considered neutral for corn and soybeans and slightly negative ...

This report was considered neutral for corn and soybeans and slightly negative for wheat. The market's focus will shift to early-season planting progress and next month's WASDE where USDA will ...

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April 02, 2026
Margins Hold - Demand in Focus

When we last wrote this column at the end of 2025, we emphasized the opportunity ...

When we last wrote this column at the end of 2025, we emphasized the opportunity to protect a profitable 2026. At the time, open market margins for the following four quarters were sitting near ...

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March 10, 2026
March 2026 WASDE REPORT SUMMARY AND NOTES:

Corn For corn, no changes were noted from the previous month. Domestic ending stocks remain at ...

Corn For corn, no changes were noted from the previous month. Domestic ending stocks remain at 2,127 million bu.  This was below the average estimate of 2,156 but within the range of ...

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February 10, 2026
February 2026 WASDE REPORT SUMMARY AND NOTES:

Relative to pre-report trade expectations, today’s report was neutral to ...

Relative to pre-report trade expectations, today’s report was neutral to bullish for corn, neutral soybeans, and neutral to bearish for wheat.  With last month’s report including final production ...

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January 12, 2026
January 2026 WASDE REPORT SUMMARY AND NOTES:

Today’s report was bearish for corn, soybeans, and wheat relative to pre-report ...

Today’s report was bearish for corn, soybeans, and wheat relative to pre-report expectations. The January report included final production figures for the corn and soybean crops along with ...

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December 29, 2025
New Year's Resolution: Protect A Profitable Year!

2025 will likely be remembered as a favorable year for U.S. pork producers. ...

2025 will likely be remembered as a favorable year for U.S. pork producers. Tighter hog supplies, solid export demand, and ample global feed grain availability combined to support strong margins ...

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December 09, 2025
December 2025 WASDE REPORT SUMMARY AND NOTES:

Today’s report was bullish for corn, neutral for soybeans, and neutral to ...

Today’s report was bullish for corn, neutral for soybeans, and neutral to negative for wheat relative to pre-report expectations. With the January report featuring more potential for changes ...

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