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North American agribusiness review June 2025

25 June 2025 13:24 RaboResearch
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An outlook for dairy, cattle, wheat, and other key commodities for the North American market, along with the developments to watch in the coming months.

Rabobank

This periodical update provides a market outlook for dairy, cattle, wheat, and other key commodities, and gives an overview of what developments to watch in the upcoming months in North America.

    Economy: Bracing for impact Climate: Regional divide may persist all summer Consumer: Navigating the consumer of 2025 Cattle: Strong consumer beef demand and tighter supplies support record-high market prices Corn: Tightening stocks are mostly a China story Dairy: April milk production marks strongest year-on-year growth since 2022 as herd size and yield expand Farm inputs: Another geopolitical crisis, another cost inflation driver Fruits: Apple and citrus prices recover from low levels Pork: Tight supplies boost summer markets, setting the stage for expansion Poultry: Chicken market strength continues on the back of a favorable supply-demand balance Soybeans: Proposed renewable volume obligations provide a lift to the soy complex Tree nuts: Larger crops in California are likely for 2025/26 Vegetables: Mostly flat prices for leafy greens expected for the summer Cotton/Sweetener: Domestic apparel production showing growth for the first time in decades / Sugar prices sluggish

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North American agribusiness review June 2025

Previous editions

North American agribusiness review April 2025
NA agribusiness review February 2025
NA agribusiness review October 2024
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The information and opinions contained in this document are indicative and for discussion purposes only. No rights may be derived from any transactions described and/or commercial ideas contained in this document. This document is for information purposes only and is not, and should not be construed as, an offer, invitation or recommendation. Read more