News
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.
Confirming ag sector fears, the EPA announced today it plans to roll back the Trump Administration’s Navigable Waters Protection Rule and revise the definition of U.S. waterways that can be regulated.
Grain futures seen lower as rains reach Northern Plains, trade awaits USDA.
Rains for the Northern Plains weigh on HRS wheat. Biden ended infrastructure talks with Capito, but is starting talks with others. Meanwhile, Vilsack says no decision has been made on swine line speeds.
After the Bell | June 8, 2021 Dry weather worries lift corn, soybean futures, cattle firmer, hogs mixed.
USDA will update its old- and new-crop balance sheets, along with global production and provide the second estimate of the U.S. winter wheat crop.
Grain and soy futures supported by weather, lower-than-expected crop condition ratings.
Grain markets were supported overnight by crop condition ratings and hot, dry forecasts for northern and western production areas.
Spring wheat crop conditions are deteriorating amid drought in the Northern Plains and PNW.
The corn CCI rating is still a little above average, despite the weekly decline.
New-crop corn and soybean futures end higher on heat, dryness in Midwest.
Corn export inspections declined 691,290 MT from the previous week’s upwardly revised tally.
Grain and soybean futures gapped higher overnight, lean hog futures are posting fresh highs as live and feeder cattle futures soften.
Find updates to our short-term, intermediate- and long-term trends for commodity and key outside markets.