News
Wheat inspections during the week ended June 26 rose 179,657 MT from the previous week, while corn and soybean inspections each declined.
Corrective strength was featured across the grain and soy markets overnight.
This is historically the most volatile trading day of the year.
All three markets are poised for sharp losses for the week.
Diesel prices climb back above $3.00.
Combination of slightly bigger-than-expected spring pig crop and revisions to market hog inventories from the previous two quarters pushed the June 1 hog herd up 0.3% from year-ago.
Wheat continues to lead weakness ahead of Monday’s reports
The driest areas of the Corn Belt are Nebraska and South Dakota.
Biodiesel makers warn of industry collapse without immediate tax credit extension.
Consolidation was featured across the grain and soy markets overnight following recent heavy selling pressure.
Each notched weekly declines, though soybean sales were up notably from the four-week average, while corn sales dipped modestly.