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USDA July 2014 Report Snapshot

This story contains key data from this morning's USDA Supply & Demand and Crop Production Report as it compares to pre-report expectations, last month and year-ago levels.

House Hearing Focuses on Farm Bill Implementation Issues

Concerns noted on APH, dairy program timelines

Kansas Wheat Harvest Wrapping Up

Harvest is wrapping up across the state and farmers that are left are dealing with increasing weed pressure.

Chinese Corn Futures Rally

USDA monthly report is due today. Chinese corn futures in yuan, rallied since April.. Based upon business-cycles the dollar may erode into next year. Gold, silver and copper are in long-term uptrends.

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Market Reports

Cash Sales Monitor

40% of 2014-crop corn is sold

2014-Crop Corn Sales

Cash-only marketers are 40% sold and hedgers are 50% sold in the cash market.

70% of 2014-crop wheat is sold

2014-Crop Wheat Sales

Cash-only marketers are 70% sold and hedgers are 85% sold in the cash market.

50% of 2014-crop soybeans are sold

2014-Crop Soybean Sales

Cash-only marketers and hedgers are 50% sold in the cash market.

50% of 2014-crop cotton is sold

2014-Crop Cotton Sales

Cash-only marketers and hedgers are 50% sold in the cash market.