Agriculture News
Chip Flory and Jim Wiesemeyer discuss beef cattle and dairy markets with an eye toward USDA Secretary Vilsack’s visit to the Omaha, Nebraska area.
“Another week of hot, dry weather in the Pacific Northwest, Northern Rockies, Northern Plains, and Upper Midwest led to the expansion of drought conditions,” today’s National Drought Monitory summary says.
Corn and soybean basis both pull back after last week’s surge.
Quarterly survey of ag bankers finds optimism across Texas.
Find highlights from today’s Crop Progress and Condition Report.
The corn CCI rating inched higher, while the soybean reading slipped.
“Producers in June were less optimistic about both current conditions on their farming operations as well as their expectations for the future,” with the former driving the decline, according to today’s report.
Find updates to our short-term, intermediate- and long-term trends for commodity and key outside markets.
Inspections of corn and soybeans were in line with expectations the week ended July 1, though expectations for soybean shipments were admittedly light. Wheat inspections fell just short of expectations.
Grain and soy futures opened under hefty pressure on weekend rains. Fat cattle futures are under pressure as lean hogs firm.
EPA exceeded its authority when it allowed year-round sales of E15, the D.C. Circuit ruled Friday.