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June Milk Down $1.60 From May

All hay prices in Iowa averaged $169.00 per ton in June according to the latest USDA, National Agricultural Statistics Service – Agricultural Prices report. This was $3.00 below the May price but $19.00 above the June 2022 price. The June 2023 alfalfa hay price, at $173.00, was $5.00 below the previous month but $16.00 above June 2022. The average price received for other hay during June was $159.00 per ton. This was $2.00 below the May price but $29.00 above June last year.
The average price for milk was $15.20 per cwt, $1.60 below the May price and $10.50 below June 2022. Prices received for milk cows for dairy herd replacement averaged $1,800 per head as of July 1, 2023.

Source : iastate.edu

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USDA Feb Crop Report a WIN for Soybeans + 1 Year Trade Truce Extension

Video: USDA Feb Crop Report a WIN for Soybeans + 1 Year Trade Truce Extension


USDA took Trumps comments that China would buy more U.S. soybeans seriously and headline news that the U.S./China trade truce would be extended when Trump/Xi meet in the first week of April was a BIG WIN for soybeans this week! 2026 “Mini” U.S. ethanol boom thanks to 45Z + China’s ban of phosphates from Feb. – August of 2026 will not help lower fertilizer prices anytime soon! 30 mmt of Chinese corn harvest is of poor quality and maybe a technical breakout in wheat futures.

*Apologies! Where we talk about the latest CFTC update as of 10th Feb 2026, managed money funds covered their net short position in canola to the tune of +42,746 week-on-week to flip to net long 145 contracts and not (as we mistakenly said) +90,009 wk/wk to 47,408.