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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...
Private analytics firm IHS Markit trimmed its 2021 U.S. corn planted acreage estimate by 310,000, dropping it to 96.54 million acres, which is still above most private forecasts.
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Ahead of the Open Wheat futures expected lower on N. Plains rainfall, corn, soybeans lower with all eyes on weather.
Delaware lawmakers are pressing EPA to ease refiners’ blending obligations. A bipartisan group of Senators delivered a new infrastructure proposal. And NCBA wants USDA to scrap “Product of the USA labels.”
After the Bell | June 10, 2021 Weather worries continue lifting corn, soybean futures, cattle modestly higher.
Conab now estimates Brazil’s total corn crop at 69.96 MMT. That compares to USDA at 98.5 MMT.
The Dakotas saw a mix of drought improvement and drought degradation, but today’s update didn’t fully account for this week’s rains.
So far, market reaction to the data has been fairly subdued.
Cotton and wheat carryover also came in lighter than expected.
Corn, soybean expected to climb on dry weather as trade awaits USDA data
Memorial Day coincided with the reporting period, which may have limited business to some degree.
More rain is coming for the Northern Plains. Weather will share the spotlight with USDA’s June S&D and Crop Production Reports. JBS announces it did pay $11 million in ransom.
After the Bell | June 9, 2021 Grain, soybean futures mostly lower, awaiting fresh USDA numbers.