News
Grain and soy futures are sharply higher to start the week. Livestock futures are also sharply higher.
Corn, soybean futures expected higher with hot week ahead for Midwest; wheat up from five-month lows.
Short-term chart trends mostly unchanged from the previous week.
Biden and his team don’t get capping price of Russian oil, nor Saudi boost in oil production
Corn, soybeans and wheat all traded solidly higher overnight amid a round of corrective buying.
Reconciliation measure update | House farm bill hearing | FY 2023 Ag appropriations
White House action forces 60-day pause via presidential emergency board
Davis Michaelsen and Editor Brian Grete discuss this week’s market action...
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China’s economic growth slows, French wheat harvest is ahead of schedule and Senator Manchin disapproves of new spending...
Potential CARB changes could impact soy use | China GDP underwhelms
Corn and soybeans are expected to open firmer, with corn getting a boost from a daily sale to China for 2022-23. Wheat is expected to open weaker.
Modest corrective buying was seen in the corn, soybean and wheat markets overnight as traders continued to monitor weather and macroeconomics.
Corn, soymeal hold strength into the close, soybeans, soy oil, and wheat end lower.
As of July 12, 69% of the U.S. was experiencing abnormal dryness/drought, according to the U.S. Drought Monitor, down one percentage point from the previous week.
European Commission raises EU inflation forecast, Brazilian company wins approval to export pork to Canada and the pork cutout taps a new high...
Resuming Ukrainian grain exports faces several hurdles, including what Putin says
Corn and wheat are expected to open firmer based on late strength overnight but buying may be limited given negative outside markets.