Corn production is projected to decline 7% with lower planted acreage and
lower yield forecast as well, coming off record production in the 2025-26 crop.
Soybean acreage will rise because of projected profitability over other crops,
but soybean yield will hold steady.
BUSDA Grains and Oilseeds Outlook
The biggest outlier in this month's USDA Cattle on Feed report will be the
marketing data, which doesn't have a large effect on the market. Overall, the
report could be received as bullish if pre-report estimates hold true.
7^USDA Cattle on Feed Report Preview
Wildfires fueled by high winds and drought have burned over 300,000 acres
across multiple states. Oklahoma and Kansas governors declared states of
emergency as homes, cattle, and farmland were destroyed.
1^Wildfires Burn More Than 300K Acres
Beef production is expected to decline again in 2026, but growth in pork,
turkey and broilers is expected to offset the decline. Consumer demand isn't
declining but remains strong and is expected to support prices for the
livestock and poultry sectors.
BUSDA Livestock, Poultry Outlook
President Donald Trump issued an executive order to protect the domestic
production of elemental phosphorus and glyphosate. The order gives the
Agriculture Secretary authority to direct the production of both crop inputs.
It also gives immunity to companies for following the executive order.
FTrump Protects Phosphorus, Glyphosate
