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FOMC decision | Cattle herd contracts | Canada port workers tentative deal | Elections
Cattle herd declined 2.7%; beef cows dropped 2.6%.
June placements unexpectedly increased from year-ago.
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U.S. extends invitation to Chinese ag Minister, Senators introduce bill on foreign farmland ownership and USDA is expected to show feedlot inventories down year-on-year...
Possibility of a nationwide UPS strike is rising | Hurdle for year-round E15 legislative proposal
Corn, soybeans and wheat faced selling pressure in the overnight sessions as optimism about the Black Sea deescalates geopolitical tensions.
Following Russia’s threat of any ships heading to Ukrainian ports being regarded as military vessels, Ukraine released a similar warning for ships heading into Russian ports or Ukrainian areas occupied by Kremlin troops.
Monthly survey finds rising optimism in 10-state ag economies.
Russia continues port assault, Canadian Union calls ‘stand-down’ on strike and traders await seasonal low in wholesale beef...
The 90-day forecast suggests most of the key corn and soybean areas should see generally favorable conditions for August through October.
Grain and soy futures are expected to open daytime trade with a firmer tone as traders focus on weather and geopolitics.
USDA reported net soymeal sales of 272,500 MT for week ended July 13, which exceeded top-end pre-report estimates. Meanwhile, net wheat sales fell short of trade expectations.
Dump of amendments on FY 2024 Ag appropriations bill signals trouble ahead for farm bill
Corn, soybeans and wheat traded on both sides of unchanged during the overnight session.
Cash hog and pork product prices continue to climb seasonally.