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USDA pegged new crop corn ending stocks at 1.790 billion bu., well below the average pre-report estimate of 1.873 billion bu.
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Wheat continues to lead strength with corn and soybeans following to the upside.
New World screwworm cases in U.S. continue to creep up
USDA will use the latest planted acreage estimates and incorporate Grain Stocks data.
Cattle futures break to fresh lows amid cash market weakness.
Terrain’s Dave Weaber says herd expansion remains on hold heading into 2027, with feeder cattle and fed cattle prices expected to hit new highs in Q3 — even as a potential strong El Niño and the Cargill Fort Morgan lockout add fresh uncertainty to the supply picture.
Percentage of row-crop acres suffering from drought unchanged from previous week