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Corn export inspections hold above 1.5 MMT

Wheat inspections were near the upper end of expectations and last week’s tally was revised 75,091 MT higher versus what was initially reported. Soybean inspections, on the other hand, were even lighter than expected.

Monday Morning Wake Up Call | June 14, 2021

Grain and soy futures are under hefty pressure on improved rain chances in the coming weeks. Feeder cattle futures are sharply higher with fat cattle near unchanged. Lean hog futures are under pressure.

IHS Markit pares U.S. corn planted acreage outlook

Private analytics firm IHS Markit trimmed its 2021 U.S. corn planted acreage estimate by 310,000, dropping it to 96.54 million acres, which is still above most private forecasts.

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MarketWatch | June 10, 2021

Cash corn price slip, cash soybean prices rise.

corn harvest
Conab slices 10 MMT off its Brazilian corn crop peg

Conab now estimates Brazil's total corn crop at 69.96 MMT. That compares to USDA at 98.5 MMT.

dry drought ground
Drought worsens in Upper Midwest

The Dakotas saw a mix of drought improvement and drought degradation, but today's update didn't fully account for this week's rains.

USDA slashes already tight U.S. corn ending stocks for both marketing years

Cotton and wheat carryover also came in lighter than expected.