News
Profit-taking overnight. Industry still trying to get a handle on Canada’s wheat and canola crops. Central China is dealing with floods. FTC adopts policy statement to take on ‘right to repair.’
Corn and soybean basis remain much stronger than normal.
After the Bell | July 21, 2021 Hot, dry Midwest outlook boosts new-crop corn, soybean futures, winter wheat hits two-month highs.
Given last year’s pandemic-related disruptions to the cattle herd, the data could receive more market attention than it typically does, with traders likely to take particular note of USDA’s calf crop estimate.
On average, analysts surveyed by Reuters expect USDA’s Cattle on Feed Report to show there were around 11.324 million head of cattle on feed as of July 1, down 1% from year-ago levels.
Vilsack says more aid coming | Slim odds for axing corn-ethanol mandate
Ahead of the Open | July 21, 2021 Grain, soybean futures mostly higher as Midwest, Plains dryness trims crop potential.
A high pressure ridge could lead to more drying in western Corn Belt, Northern Plains. USDA isn’t the only one missing the mark on Canada’s wheat crop. Odds are low for a proposed bill to end corn-ethanol mandate.
After the Bell | July 20, 2021 Weather concerns push grain and soybean futures higher, hog futures up on strong pork market.
The Biden administration has delayed its annual rulemaking process regarding its biofuel blending mandates under the Renewable Fuel Standard (RFS) for 2021 (2022 for biodiesel), Reuters says in an exclusive report.
Find updates to our short-term, intermediate- and long-term trends for commodity and key outside markets.
USDA nearing $7.4 billion in Biden admin.-issued pandemic aid
Ahead of the Open | July 20, 2021 Grain, soybean futures expected to open higher following lackluster USDA crop ratings.
Grain and soy futures rallied overnight amid a concerning forecast for some areas and lower-than-expected corn and spring wheat condition ratings.
Find highlights from today’s Crop Progress and Condition Report.
The spring wheat CCI rating is now 38.1% below the five-year average for this date.
After the Bell | July 19, 2021 Wheat futures extend gains as crop bakes in Northern Plains heat, corn and soybeans little-changed to lower.
Pro Farmer Washington Analyst Jim Wiesemeyer and host Chip Flory discuss the highlights of last week in D.C.
Export inspections of corn, soybeans and wheat were all in line with expectations, with the corn tally holding above 1 MMT and wheat inspections nearing 500,000 MT. Soybean futures were light, as expected.
Corn and wheat futures are higher with weakness in the soy oil market limiting buyer interest in soybeans. Cattle futures are under pressure with lean hogs mixed.