News
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.
But cotton ratings shot higher once more as Texas continues to receive rain.
There were 401.26 million lbs. of beef in the nation’s freezers at the end of July, just a 256,000-MT decline from the end of June versus the five-year average increase of 23.6 million lbs. for the month.
The corn and soybean CCI ratings are the lowest of the growing season.
Corn, soybean and wheat futures are firmer to start the week. Livestock futures are also higher.
Chip Flory and Washington policy analyst Jim Wiesemeyer discuss current D.C. policy issues and events...
USDA also revised last week’s tally a substantial, 120,000 MT higher. Shipments of corn and soybeans were in line with expectations.
Ahead of the Open | August 23, 2021 Grain, soybean futures seen higher in technical bounce from last week’s slump.
Biden tries to limit damage from Afghan withdrawal policy