USDA makes big dairy adjustment, erasing 25% of estimated herd deficit

Although USDA typically tweaks the previous month’s dairy herd statistics, the most recent milk production figures released in July saw a much bigger adjustment. Changes were made going back many months, almost to the [...]

Soy complex rebounds as Midwest weather turns ominous

Futures activity Soybean futures demonstrated their greatest gains in about 18 years last week as weather concerns moved into the market. Aug-22 soybean futures increased by $1.64 per bushel last week to close at [...]

Weekly ethanol usage is on the lower side despite high gas prices

For the week ending Jul. 15, U.S. weekly ethanol blending and refining use was unchanged from last week, and use has been on low side compared to last season. Gasoline averaged around $4.77 per [...]

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