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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.
Drought and frost have taken a toll on the late-planted crop.
“Another week of hot, dry weather in the Pacific Northwest, Northern Rockies, Northern Plains, and Upper Midwest led to the expansion of drought conditions,” today’s National Drought Monitory summary says.
White House starts worrying about surging gas prices as market signals top may be in
Ahead of the Open | July 8, 2021 Corn, soybeans burdened by crop-friendly Midwest weather, winter wheat under harvest pressure.
More rain for the southern, eastern areas of the Midwest heading into the weekend. Wildfire disrupting shipping at Canada’s largest port. Global food prices slide for the first time in a year.
Corn and soybean basis both pull back after last week’s surge.
After the Bell | July 7, 2021 Slipping crop ratings push soybeans, spring wheat futures higher, corn under weather pressure.
Quarterly survey of ag bankers finds optimism across Texas.