News
Evacuations from Afghanistan continued overnight, lawmakers introduce legislation to encourage bio-fuel use and South Korea raises interest rates...
China buys more U.S. soybeans | Pelosi comments on infrastructure deal with centrists
Ahead of the Open | August 26, 2021 Corn, soybeans lower after overnight Midwest rain, wheat export sales disappointing.
Sales of old- and new-crop corn were in line with expectations. Soybean sales were strong, as expected, with much of the business known thanks to USDA’s daily reporting system.
Light pressure on corn and soybeans, but wheat bounces back. Bipartisan House bill would promote ethanol use. Philippines approves Golden Rice for commercial use. Beef prices soften for second day in a row.
Soybean basis slipped but the cash price rebounded.
After the Bell | August 25, 2021 Grain futures trade mixed, hogs firmer, with eyes on USDA’s weekly export update.
ERS made upward revisions to its 2021 food inflation forecasts for all food, restaurant and grocery store prices.
China: U.S. faces “most severe” inflation risks of any major economy
The House passes the Budget resolution, shippers are reporting ongoing difficulties filling orders and timely rains fell in key areas of the Midwest...
Ahead of the Open | August 25, 2021 Soy complex futures expected to open mostly lower after yesterday’s rally, SRW wheat near three-week low.
Another round of rain for dry areas of the Midwest. House approves budget resolution. Biden said he planned to stick to his Aug. 31 deadline for military withdrawal. Month-plus streak of beef gains comes to an end.
After the Bell | August 24, 2021 Soybeans rally as Chinese purchase stokes export optimism, corn up after USDA ratings drop.
USDA announced today that it is updating the Coronavirus Food Assistance Program 2 (CFAP 2) for contract producers of eligible livestock and poultry and producers of specialty crops and other sales-based commodities.
The House continues to struggle to find consensus, Senate republicans believe rising RIN prices are to blame for rising gasoline prices and cattle futures got of to a strong start to the week...
USDA: 2.8 mil. acres accepted into CRP; accepts nearly 1.9 mil. acres general signup
Ahead of the Open | August 24, 2021 Corn futures expected higher after USDA ratings decline, soybeans firm, wheat lower.
Corn, soybean CCI ratings continue to decline. Worries about what another La Nina-plagued growing season might mean for South America. Some Senate Republicans urge EPA to set 2021, 2022 RVOs below ethanol “blend wall.”
After the Bell | August 23, 2021 Soybean, wheat futures gain on technical bounce, oil rally, nearby live cattle reach 17-month high.