News
After the Bell | June 16, 2021 Crop-friendly weather outlook sends soybean futures to seven-week lows, hogs down daily limit.
The Fed cited an improving economy and dropped its longstanding reference that the Covid-19 pandemic was weighing on the economy.
USDA to offer aid if the pork markets are impacted by line speed case.
Ahead of the Open | June 16, 2021 Soybean futures sink near 3-week low with milder weather ahead for Midwest, cattle supported by cash market strength.
Some buying returned to grain futures overnight. Markets will zero in on the Fed today and whether it bumps up its timeline for higher interest rates. Meanwhile, China is reporting its sow herd is near pre-ASF levels.
After the Bell | June 15, 2021 Corn, soybeans extend slide on crop-favoring weather outlook, cattle surge on strong cash.
USDA announced today it will expand the Clean Lakes, Estuaries, And Rivers initiative, called CLEAR30, from a pilot program to a nationwide program.
Members of the National Oilseed Processors Association crushed 163.52 million bu. of soybeans during May, marking the fourth month in a row processing has fallen short of expectations.
Ahead of the Open | June 15 Grain and soybean futures extend declines as forecast rains expected to aid dry Midwest.
The cooler forecast is pressuring grain and soy futures, despite some lower than expected crop condition ratings. NOPA will update the May crush today. And a truce has been reached on the U.S./EU aircraft dispute.
Hot, dry weather in the Upper Midwest and Western Corn Belt drew down corn and soybean ratings, with too much moisture slowing winter wheat harvest. Find more highlights from today’s crop progress and condition update.
Corn, soybean and spring wheat CCI ratings are all below their respective five-year averages for this point in the growing season.
After the Bell | June 14, 2021 Midwest rains and cooler outlook send grain, soybean futures tumbling, but crop ratings lower than expected.
![“Asian exporters are paying premium shipping rates, sometimes 10 times what the rate is for going from the [United] States back to Asia, and this shipping rate disparity incentivizes sending back those empty containers,” Borror said.](https://assets.farmjournal.com/dims4/default/92c7bcd/2147483647/strip/true/crop/840x561+0+19/resize/250x167!/format/webp/quality/90/?url=https%3A%2F%2Ffj-corp-pub.s3.us-east-2.amazonaws.com%2Fs3fs-public%2F2021-02%2FExport-ship-840.jpg)
Wheat inspections were near the upper end of expectations and last week’s tally was revised 75,091 MT higher versus what was initially reported. Soybean inspections, on the other hand, were even lighter than expected.
USDA upped the ante this year by providing greater incentives like higher rental payments as part of the Biden administration’s all-of-government approach to tackling climate change.
Find updates to our short-term, intermediate- and long-term trends for commodity and key outside markets.
Grain and soy futures are under hefty pressure on improved rain chances in the coming weeks. Feeder cattle futures are sharply higher with fat cattle near unchanged. Lean hog futures are under pressure.
Grains, soybeans down sharply as Midwest rains ease dryness concerns.
Rains for the dry Northern Plains and western Corn Belt are expected to be erratic the next two weeks, with warm temperatures likely to persist. Nevertheless, grain and soy futures are under heavy pressure.
Editor Brian Grete and Davis Michaelsen discuss market declines into the weekend and this week’s S&D reports...