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Biden and bipartisan group of lawmakers reach deal on infrastructure

The measure includes $579 billion in new spending on infrastructure, for a total price tag of $1.2 trillion over eight years.

Marketings are expected to surge vs. year-ago but decline compared to May 2019
Marketings are expected to surge vs. year-ago but decline compared to May 2019

Find expectations for tomorrow's Cattle on Feed Report.

Market Watch | June 24, 2021
Market Watch | June 24, 2021

Cash soybean and corn prices extend recent sharp decline over the past week.

Warm and dry in the South, Central and West; cooler in the North, Northwest
Rains for the eastern Corn Belt, but western Belt still drying out

Severe thunderstorms affected parts of northern Illinois, northern Indiana, northern Ohio, and southern Michigan on Sunday. But other Midwest areas continued to dry out.

Ahead of the Open
Ahead of the Open

Ahead of the Open | June 24, 2021 Corn, soybeans under pressure as rain benefits Midwest crops, hog futures near two-month low.

No major surprises in today’s export sales update
No major surprises in today’s export sales update

Corn sales were near the midpoint of expectations, with exports holding strong. Old-crop soybean sales were near the upper end of expectations, but new-crop sales fell short. Wheat sales also met expectations.

First Thing Today | June 24, 2021
First Thing Today | June 24, 2021

Corn is hitting new lows for the month, with soybeans also under pressure. Sellers continue to dominate lean hog market and limits expand ahead of USDA's weekly export sales update and its Quarterly Hogs & Pigs Report.

No Consensus on Livestock Pricing Issues Following Senate Hearing
No Consensus on Livestock Pricing Issues Following Senate Hearing

Supreme Court gives victory to private property rights, will decide on Prop 12 case Monday

markets-up
Midweek Cash Markets | June 23, 2021

Corn and soybean basis continue to fall but remain higher than the three-year averages.

After the Bell | June 23, 2021
After the Bell | June 23, 2021

After the Bell | June 23, 2021 Corn, soybean futures remain under pressure following Midwest rains, hog futures' slump continues.

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Hogs & Pigs Report expected to show U.S. hog herd down 2.3% from year-ago

On average, analysts surveyed by Reuters expect USDA will report the June 1 hog herd around 75.572 million head.

baby soybeans
FBN calling for soybean plantings to drop more than 1 million acres vs. March intentions

While corn prices rallied 22% from March 31 to June 1, soybean prices dipped 3%, lifting corn planting intentions at the expense of soybeans, according to FBN's survey work.

First Thing Today Audio | June 23, 2021
First Thing Today Audio | June 23, 2021

Water levels in the Parana River are becoming a problem, President Biden and Secretary Vilsack will visit Wisconsin and Senate Democrats look to include citizenship in the infrastructure bill...

Ahead of the Open
Ahead of the Open

Ahead of the Open | June 23, 2021 New-crop corn, soybean futures under pressure from Midwest weather, spring wheat extends strength.

Democrats Pushing Citizenship for Some Illegals in Infrastructure Measure
Democrats Pushing Citizenship for Some Illegals in Infrastructure Measure

Biden and Vilsack to visit Wisconsin next week… still more aid for dairy?

First Thing Today | June 23, 2021
First Thing Today | June 23, 2021

Welcome rains fell in Iowa, but western areas of the state again missed out. Levels of South America's Parana River remain problematic. Fed Chair Powell said high prices should wane. Higher cash cattle trade picks up.

After the Bell | June 22, 2021
After the Bell | June 22, 2021

After the Bell | June 22, 2021 Spring wheat futures rallyon crop ratings slide, Midwest weather outlook burdens corn and soybeans.

Cold Storage Report: Build in frozen pork stocks concerning
Cold Storage Report: Build in frozen pork stocks concerning

Frozen pork stocks stood at 461.14 million lbs. at the end of May, which was a 4.22-million-lb. (0.9%) build from April versus the usual 34-million-lb.-retreat for the month.

iStock_Farmers_Handshake
The handshake

More than a year later, we need to get back to normal because we need to start repairing 15 months of broken connections, writes Cherilyn Jolly-Nagel with Global Farmer Network.

First Thing Today Audio | June 22, 2021
First Thing Today Audio | June 22, 2021

Spring wheat condition ratings plummet, China will auction more state-owned corn and lawmakers edge closer to an infrastructure deal...

Sorting Fact from Fiction in Meat Industry Focus by Biden Team and Congress
Sorting Fact from Fiction in Meat Industry Focus by Biden Team and Congress

GOP lawmakers want more info re: Biden water rule redo while Dems want more for biofuels

Ahead of the Open
Ahead of the Open

Ahead of the Open | June 22, 2021 Spring wheat futures seen up sharply on crop rating plunge, corn and soybeans weaker on Midwest weather.

First Thing Today | June 22, 2021
First Thing Today | June 22, 2021

Spring wheat soars amid a dive in condition ratings. Cordonnier sticks with his U.S. crop estimates, but he cut Brazil's corn crop. Farm-state lawmakers want biofuel provisions to be wrapped into infrastructure package.

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Hot, dry weather stresses crops in heart of the Corn Belt and Northern Plains

Spring wheat ratings plummeted, and corn came in lower than expected. Find more highlights from today's weekly Crop Progress and Condition Report here.

Corn, soybean CCI ratings slip again, spring wheat rating plunges
Corn, soybean CCI ratings slip again, spring wheat rating plunges

The spring wheat CCI rating is now 91.1 points below its five-year average.

After the Bell | June 21, 2021
After the Bell | June 21, 2021

After the Bell | June 21, 2021 Soybean futures rally on China purchases, corn lower on Midwest rains, hogs extend slide.

RCR expects Chinese soybean buying to fade later this summer and into the fall
RCR expects Chinese soybean buying to fade later this summer and into the fall

Refinitiv Commodities Research says trade flow data signals China will likely import 11.6 MMT of soybeans during June, which would be an all-time monthly high.

Daily chart turns down for soybeans, weekly chart points sideways.
Daily chart turns down for soybeans, weekly chart points sideways.

Find more updates to our short-term, intermediate- and long-term trends for commodity and key outside markets.

Wheat inspections top expectations
Wheat inspections top expectations

Corn inspections were also solid, with last week’s tally revised roughly 66,500 MT higher.

Monday Morning Wake Up Call | June 21, 2021
Monday Morning Wake Up Call | June 21, 2021

Grain and soy futures are under hefty pressure to start the week in response to weekend rains. Live cattle futures are quite as hog futures extend recent losses.

Ahead of the Open
Ahead of the Open

Grains, soybeans expected to drop sharply as weekend rain aids Midwest crops.

First Thing Today | June 21, 2021
First Thing Today | June 21, 2021

Midwest rains are weighing on grain and soy futures. Chinese imports of Brazilian beans picked up in May. And Biden's opposition to a gas tax proposal and Democratic infighting could derail latest infrastructure effort.

Cattle Pricing, Farm Safety Net Topics of Hearings on Wednesday
Cattle Pricing, Farm Safety Net Topics of Hearings on Wednesday

Senate may attempt to clear Global Climate Solutions Act

Friday Wrap-up | June 18, 2021
Friday Wrap-up | June 18, 2021

Davis Michaelsen brings in the big guns and talks with Chip Flory after a wild week of trade...

After the Bell | June 18, 2021
After the Bell | June 18, 2021

After the Bell | June 18, 2021 Corn, soybeans surge amid lingering Midwest dryness, cattle up on firm cash market.

Reuters: China scoops up U.S. soybeans on price plunge
Reuters: China scoops up U.S. soybeans on price plunge

China’s state-owned importers bought at least eight cargos (480,000 MT) of U.S. soybeans, today, two traders familiar with the deal toward Reuters. And that tally could climb even higher.

Corn plantings led increases from March intentions
Corn plantings led increases from March intentions

We project total corn and soybean plantings at a record 182.3 million acres, which is the exact total we estimated in March and would be up 8.4 million acres from last year and 2.0 million acres more than the 2017 peak.

ProFarmerSquare
Your Pro Farmer newsletter is now available!

A weather market is in full swing, with commodities diving the past week. Inside this week's letter you'll find plenty of updates on the forecast, crop conditions (crop comments are back!) and Washington happenings.

Commodity Plunge Tied to Several Factors, Including China, Weather and the Fed
Commodity Plunge Tied to Several Factors, Including China, Weather and the Fed

If you thought EPA would announce RFS details Thursday, you were wrong

First Thing Today Audio | June 18, 2021
First Thing Today Audio | June 18, 2021

Expanded limits for many commodities are in place today, refiners post a RIN deficit and China will stockpile fertilizers and farm chemicals...

Ahead of the Open
Ahead of the Open

Ahead of the Open | June 18, 2021 Grain, soybean futures expected to open sharply higher as Midwest dryness concern lingers.

First Thing Today | June 18, 2021
First Thing Today | June 18, 2021

Volatility is here. Money flow will be key to market action moving forward. China remained an aggressive importers of grains and pork during May, despite high prices. Refiners appear to be betting on a blending reprieve.

Rural bankers note strong local economies
Rural bankers note strong local economies

Nearly half of rural bankers report their local economy grew in May to June.

ProFarmerSquare
Market Watch | June 17, 2021

Cash prices for soybeans and corn fall.

soybeans sunset
Heat to continue through September

The National Weather Service is calling for above-normal temperatures over most of the country during the July through September period.

Corn_Heat_Stress
Drought worsens across Iowa, rains do little good in the Dakotas

Warm, dry conditions prevailed in northern and western areas of the Midwest the week ending June 15, resulting in the “widespread worsening of drought and dryness,” according to today’s National Drought Monitor.

First Thing Today Audio | June 17, 2021
First Thing Today Audio | June 17, 2021

Biden and Putin agree on Iran's nuclear aspirations, limits expand for lean hog contracts as the cash market surges and Grassley looks forward to Ag Committee hearings on cattle industry woes...

Fed Moves Up Expected Timeline for Raising Interest Rates
Fed Moves Up Expected Timeline for Raising Interest Rates

Did Vilsack signal RFS change via interview with AgriTalk?

Ahead of the Open
Ahead of the Open

Ahead of the Open | June 17, 2021 Soybean futures extend slump to seven-week lows on Midwest weather, corn, wheat also down.