Fed meeting will focus on tapering timeline | Focus on Fed chairman’s presser
Ahead of the Open | July 28, 2021
Wheat futures surge as tour shows drought damage, corn, soybeans also higher.
Excessive heat continues for central U.S.; severe weather possible. Day 1 of spring wheat tour calculates a sub-30 bpa yield. Fed meeting ends today. CDC urges masks indoors for everyone in areas of surging cases.
On an earnings call today, Archer Daniels Midland CEO Juan Luciano said the world lost 15 MMT of crop production due to bad weather over the past two to three weeks.
Soybean futures gain after USDA crop ratings disappoint, corn fades from early gains, wheat mixed.
Pro Farmer editors provide daily updates on advice, including if now is a good time to catch up on cash sales.