News
EPA still not expected to grant many RFS waivers despite court ruling.
Spring wheat futures continue to climb, soybeans are sharply higher as well with corn futures mildly higher. Cattle futures are mixed and mostly weaker as hog futures firm.
Ahead of the Open | June 28, 2021 Grain, soybean futures seen firmer as trade eyes Midwest weather, USDA acreage report.
It was a wet weekend for the Midwest, but a dry, warm forecast for the Upper Midwest with heat moving into the Northern Plains keep weather concerns close at hand.
A quick recap of today’s market action and a look at what’s ahead.
Prices are expected to rise for all three categories by more than their 20-year average.
Inside you’ll find weather updates, both sides of the livestock pricing issue, an update on an infrastructure deal and market-by-market analysis and marketing advice.
Corn pressured by weather, spring wheat supported by crop concerns. Hogs due for a corrective bounce, though that may be difficult to muster.
Heavy rain and storms are on tap for southern and eastern areas of the Midwest. The infrastructure agreement faces some high hurdles reaching the finish line. USDA’s monthly Cattle on Feed Report is out this afternoon.
After the Bell | June 24, 2021 Widespread Midwest rains keep corn, soybean futures under pressure, hog futures still in free-fall.
The measure includes $579 billion in new spending on infrastructure, for a total price tag of $1.2 trillion over eight years.
Find expectations for tomorrow’s Cattle on Feed Report.
Recent rains were too little, too late for a portion of the Brazilian safrinha corn crop, Blinken looks to open trade talks with Taiwan and USDA begins work on rules for cell-based meat…
USDA will release its June S&D balance sheets today, Biden tells military personnel coronavirus and climate change are among the greatest threats and El Salvador approves bitcoin as legal currency...
Biden explores ways to relieve refiners of RFS blending requirements, the U.S. Budget deficit has risen sharply and a bipartisan group of senators find consensus on an infrastructure proposal...
Corn and soybean CCI ratings came in below 5-year averages, the U.S. and E.U. announce trade truce and a House Subcommittee will discuss shipping snags...
Fed officials may indicate they are eyeing an interest rate increase sooner than expected, President Biden is to meet with Vladimir Putin today and China reports its pig herd surged in May...
Biden and Putin agree on Iran’s nuclear aspirations, limits expand for lean hog contracts as the cash market surges and Grassley looks forward to Ag Committee hearings on cattle industry woes...
Expanded limits for many commodities are in place today, refiners post a RIN deficit and China will stockpile fertilizers and farm chemicals...
Spring wheat condition ratings plummet, China will auction more state-owned corn and lawmakers edge closer to an infrastructure deal...