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The statistics agency also cut its soybean export forecast by 3.3 MMT and warned further cuts could be coming.
“The Well, the Wealthy, and the Worried are the folks who think they can afford to overlook the incredible benefits of GMOs,” writes Bill Horan, an Iowa farmer, in this guest post.
Tyson Foods Inc. reported stronger-than-expected earnings for the third quarter, but the company says it cannot increase prices for chicken and prepared foods fast enough to keep pace with rising raw material prices
Find updates to our short-term, intermediate- and long-term trends for commodity and key outside markets.
Corn inspections were more than halved compared with the week prior, with inspections coming up well short of expectations. Soybean inspections were also light and near the lower end of expectations.
Grain and soybeans favored the downside overnight although soybeans recovered on the open. Hog futures are under heavy pressure with cattle futures slightly lower.
Ahead of the Open | August 9, 2021 Grain, soybean futures mostly lower as trade awaits USDA Crop Production report.
Commodity trade keeping an eye on tumbling crude oil futures. Weekend rains lighter than expected for much of the western Corn Belt. Sanderson Farms announces $4.53 billion sale to Continental Grain.
Physical infrastructure on path to successful vote | Next up: Resolution, $3.5 trillion package
USDA WASDE, Crop Production reports on Thursday
USDA’s finds U.S. cropland values reach new high.