USDA upped the ante this year by providing greater incentives like higher rental payments as part of the Biden administration’s all-of-government approach to tackling climate change.
Cotton and wheat carryover also came in lighter than expected.
Memorial Day coincided with the reporting period, which may have limited business to some degree.
Confirming ag sector fears, the EPA announced today it plans to roll back the Trump Administration's
Navigable Waters Protection Rule and revise the definition of U.S. waterways that can be regulated.
USDA will update its old- and new-crop balance sheets, along with global production and provide the second estimate of the U.S. winter wheat crop.
Spring wheat crop conditions are deteriorating amid drought in the Northern Plains and PNW.
The corn CCI rating is still a little above average, despite the weekly decline.
Corn export inspections declined 691,290 MT from the previous week's upwardly revised tally.
Grain and soybean futures gapped higher overnight, lean hog futures are posting fresh highs as live and feeder cattle futures soften.