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The July crush came in nearly 4 million bu. lighter than analysts anticipated, with soyoil stocks unexpectedly climbing for the month.
USDA made some notable upside revisions to last week’s inspections number for corn and wheat.
Corn futures are under mild pressure as soybeans and wheat firm. Cattle futures are mixed with lean hogs mostly higher on the open.
Soybeans and wheat are expected to lead corn higher to start the week. Last week’s slippage in fed cattle values seem likely to offset bullishness powered by soaring wholesale prices.
There’s only one way for the crops to win, and that’s with the safe and robust crop-protection products that help us keep this terrible weed in check.
Farmland values are soaring. Now the Federal Reserve Banks of Chicago, Minneapolis and Kansas City are putting numbers on the annual gains.
Pro Farmer Crop Tour begins. Rain chances for the Midwest and Northern Plains later this week. Argentina reroutes funds to help with low water along the Parana River. Big jump for pork values on Friday.
Pelosi takes step to quell moderates’ budget rebellion
Biden and Pelosi must deal with centrists and far-left Democrats
Davis Michaelsen and Editor Brian Grete discuss this week’s market action.
The soy and wheat complexes, as well as cotton futures, finished the week on a strong note in the wake of Thursday’s supportive USDA reports. The corn and livestock markets struggled.
Because USDA no longer collects objective yield samples in August, this will be the industry’s first broad look at field data from across the Corn Belt.
While we’re scouting fields across the Corn Belt Aug. 16-19 on the Pro Farmer Crop Tour, you can scout your own fields.
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COVID-19 shutters a key Chinese port, House Democrats urge Speaker Pelosi to approve the bipartisan infrastructure package and home prices continued to soar in the second quarter...
Republicans on Senate Ag panel want hearings re: $135 billion in new ag spending
Ahead of the Open | August 13, 2021 Wheat futures reach contract highs after USDA cuts global supply outlook, corn, soybeans higher.
Friendly USDA data lifts corn, soybean and wheat. Argentine exchange expects soybean plantings to slide for sixth year in a row. Moderate Democrats pressure Pelosi to take up physical infrastructure package.
After the Bell | August 12, 2021 USDA’s lower-than-expected harvest estimates boost corn futures to six-week highs, wheat to three-month highs.
Your editors take you through USDA’s latest WASDE and Crop Production Reports that had no shortage of surprises.