News
The CCI ratings for the corn and soybean crops were nearly unchanged for the week.
A rally in spring wheat futures provided spillover support to corn and soybeans.
Chip Flory and Jim Wiesemeyer discuss beef cattle and dairy markets with an eye toward USDA Secretary Vilsack’s visit to the Omaha, Nebraska area.
Get a breakdown of the need-to-know items from today’s WASDE and Crop Production reports.
USDA maintained its weather-adjusted trendline yield estimates for both corn and soybeans and incorporated its June 30 harvested acreage estimates.
Inspections for corn, soybeans and wheat were in line with expectations.
Corn soybean and spring wheat futures are mildly higher this morning. Cattle futures are mostly weaker with hog futures off to a firmer start to the week.
Corn and soybeans were mildly firmer overnight on positioning ahead of USDA’s July crop reports at 11 a.m. CT. Weekend rains were ample across all but northern locations of the Midwest.
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Find updates to our short-term, intermediate- and long-term trends for commodity and key outside markets.
Markets favoring the upside as trade readies for USDA reports. Timely rain for much of the Corn Belt, but Upper Midwest remains dry. China to boost boost storage capacity and ease restrictions for small hog producers.
Child tax credit payouts start today | Recap of, reaction to Biden’s executive order
Fed chair Powell testifies twice this week | Biden meets German leader Merkel
After the Bell | July 9, 2021 Mild Midwest weather outlook keeps corn under pressure as markets await USDA Supply and Demand report.
Ahead of the Open | July 9, 2021 Corn, soybeans seen weaker with more rain in Midwest forecast, wheat mixed.
Price action was relatively quiet overnight on a lack of fresh news.
Bottom-line update on key economic and policy issues
After the Bell | July 8, 2021 Corn sinks to six-week lows, soybeans mostly down, as Midwest weather favors crops.
Find expectations for USDA’s July 12 Crop Production and WASDE reports.
