Tony Dreibus

3 days ago | agriculture.com | Tony Dreibus

Grain and soybean futures were lower in overnight trading after the U.S. Department of Agriculture issued a lofty production outlook for corn. USDA forecast corn production for the 2025-2026 marketing year at 15.82 billion bushels on yield of 181 bushels an acre. That's up from a February outlook for 15.585 billion bushels, though the yield outlook was unchanged. If realized, that would be up from the 14.867 billion bushels forecast for the 2024-2025 season, according to government data.

4 days ago | agriculture.com | Tony Dreibus

Soybean futures surged in overnight trading after the U.S. and China agreed to a trade deal under which each country will reduce its tariffs on the other by 115 percentage points. The countries said in a joint statement that they would roll back tariff rates to 10%, though the U.S. will keep an additional 20% in levies on Chinese items as part of its fentanyl-related tariffs on goods coming from the Asian nation.

2 weeks ago | agriculture.com | Tony Dreibus

Wheat futures were higher overnight on some technical buying and unfavorable weather in parts of the Canadian Prairies. Investors who were short the market, or had bet on lower prices, likely bought back contracts and booked profits after the front-month contract earlier this week dropped to the lowest level since August. Also giving prices a boost are tightening global inventories of the grain.

2 weeks ago | agriculture.com | Tony Dreibus

Wheat and corn futures were higher overnight amid concerning weather in growing areas around the globe. Dry weather in central and eastern parts of Ukraine and the North Caucuses likely will lead to a decline in soil moisture, said Don Keeney, an agricultural meteorologist with Maxar. Still, some improvements may be seen in western Ukraine, he said in a note to clients.

2 weeks ago | agriculture.com | Tony Dreibus

Soybean futures were lower in overnight trading amid favorable weather in the U.S. and ongoing concerns about future demand for U.S. agricultural products. Rainfall has been abundant in some parts of the Corn Belt and likely will continue throughout the week, according to weather forecasts. While that may slow planting in some areas, it will boost soil moisture for recently planted crops.