Another View

The story of last year's Western Corn Crop is kind of like the story about the blind men and the elephant. Each was right about the part they were experiencing, but nobody was seeing the whole picture!

The biggest surprise in the Thursday, June 30, USDA reports was clearly the planted soybean acres number.

The vise is still tightening on world wheat supplies, with USDA on Thursday projecting world ending stocks of 267 million metric tons (mmt), which would be the tightest since 2016.

While the commodity markets await a cavalry to come to the rescue, DTN Contributing Analyst Alan Brugler takes a look at the March 31 USDA reports.

DTN Contributing Analyst Alan Brugler analyzes the export forecasts for corn, soybeans and wheat from the November USDA WASDE report.

The drought that gripped the Northern Plains and Canadian Prairies this past summer shrank spring wheat production to multi-decade lows. The latest stocks data from USDA showed supplies are even tighter than feared, which could require major rationing in the second half of the year.

While corn and soybean markets sold off following USDA's Sept. 30 reports, wheat markets found themselves seeing green.

While the focus this growing season has understandably been on corn and soybeans, the supply and demand situation in wheat is growing precarious for the globe's exporters.

The biggest surprises in the USDA numbers Thursday were on the wheat side, with both U.S. and world wheat ending stocks being squeezed tighter than expected. USDA's projected U.S. wheat ending stocks figure of 627 million bushels would put the stocks-to-use ratio at 30.5%, the tightest since...

Taking a closer look at the USDA Quarterly Grain Stocks report, released on June 30, and implied basis levels.

DTN Contributing Analyst Alan Brugler gives his thoughts on the May 12 USDA World Agricultural Supply and Demand Estimates (WASDE) report.

DTN Contributing Analyst Alan Brugler analyzes the Prospective Plantings report and how it affects final planted acreage.

Several bullish revisions by USDA in their reports released Tuesday, Jan. 12, sent the corn market to limit-up prices.

Why wheat was the big winner from the Dec. 10 World Agricultural Supply and Demand Estimates (WASDE) supply and demand report.

How the derecho damage affected Friday's September USDA reports.

DTN Contributing Analyst Alan Brugler gives his thoughts on Tuesday's USDA reports.

Why the corn market didn't end report day with a big change.

The coronavirus has sent consumers scrambling to stores, buying up food staples, and causing a flurry of buying by flour mills that are trying to meet the demand. While the near-term buying is impressive, history shows growth to be much steadier.

With the February crop insurance pricing period wrapping up on Feb. 28, a closer look at seasonal highs and lows for new crop can offer some profitable observations.

After several years of low volatility in a follower's role, Chicago wheat has stolen the spotlight in 2020 and could hold on into spring.