News
wheat inspections mildly increased but remain slow.
Corn, soybean and wheat futures are higher to start the week although spring wheat futures are lower on profit taking. Livestock futures are also higher.
Corn futures near six-month high, soybeans at four-month high on South America dryness, wheat at one-month high.
Corn, soybean and wheat futures extended their recent rallies overnight as traders returned from the extended Christmas holiday weekend.
Corn futures extend rally to end at six-month high, soybeans end at four-month high, winter wheat snaps back.
Focus on Fed: Timing of initial rate rise
FY 2022 spending issues must be resolved by Feb. 18
USDA estimates the U.S. hog herd at 74.201 million head as of Dec. 1, down 3.111 million head (4.0%) from last year.
USDA estimates there were 11.985 million head of cattle in large feedlots (1,000-plus head) as of Dec. 1, down 51,000 head (0.4%) from both year-ago and the average pre-report estimate.
U.S. Drought Monitor shows 58% of the U.S. winter wheat crop area is covered by drought conditions as of Dec. 21.
Markets will be closed tomorrow, Putin doesn’t mention military designs in public comments and Summers warns of an economic testing period for the U.S.
Beef stocks rose contra-seasonally in November. Pork stocks declined, as is normal, but not nearly as much as the five-year average.
Soybean futures seen weaker after fading from four-month highs, corn and winter wheat also weaker.
Bullish corn, soybean traders in control as dry weather in Brazil continues
Soymeal and soyoil export sales came in above expectations.
Grain and soy futures posted light, two-sided trade overnight in thin pre-holiday price action.
Corn futures pierce $6.00, close at six-month high, soybeans at four-month high on South America dryness, winter wheat also stronger.
Russia cuts gas supply to Europe, Biden confident Manchin will vote in favor of BBB and U.K. GDP forecasts soften...
EPA is currently evaluating the use of dicamba and whether it can be sprayed on GMO cotton and soybean plants with resistance to the chemical.