Tidbits, June S&D Estimates, Trade Talks, Crude Oil, Broilers & Ethanol 6/12/25
- Wright team
- Jun 12
- 5 min read
Highlights
Today at 10 AM Mountain Time, the USDA will release its June S&D. The biggest questions are what changes, if any, will USDA make on old crop corn exports and will an increase be offset by increased production from 2024 or a decrease of feed use and will the Brazilian corn crop be increased? USDA increased that crop by 4 million mts last month and most other crop predictions have been catching up to USDA’s number since then and now the average estimate is 131.5 million mts. It is interesting that the market expects all U.S. 2025 crop productions to be reduced slightly from the May numbers.
Crude oil futures traded as much as $3 higher yesterday to a 10 week high primarily on the news the U.S. and China had a successful two days of trade talks in London, which should lead to increased crude oil demand. Both sides say it is up to the nation’s two presidents to accept the trade deals after the details are negotiated, which is where things could go wrong and take months to work out if either side is not willing to sign the deal.
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