Agriculture News
Outlook calls for drought in the western Corn Belt and Plains through July; most of the eastern Corn Belt will be drought-free.
Uncertainty on the trade front and generally favorable weather have grains on the defensive to open the week.
Grain and soy futures are under pressure to open the week. Cattle futures are firmer with lean hogs mixed...
Trend is now down for SRW wheat and soymeal.
Conflicting remarks from U.S., China officials on trade talks despite signs of de-escalation.
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Cash grains posted little price movement over the past week.
Corn, soybeans and wheat boosted by followthrough buying overnight.
Drought covers 33% of winter wheat, 26% of corn, 21% of soybeans and 49% of spring wheat.
Corn rebounded from recent losses and wheat traded mostly lower overnight.
Corn basis remains well below average.