News
Corn and soybean futures gapped higher overnight after USDA’s crop condition ratings dropped more than expected. Wheat futures followed to the upside.
Grain and soy futures firmed overnight amid concerns about the deal to restart Ukraine’s grain exports and forecasts calling for a return of heat and dryness after some temporary relief.
Corn futures sink to six-month low on outlook for crop-aiding rain, less heat; wheat plunges on Ukraine deal.
Ukraine: Putin ‘spitting in the face’ of U.N., Turkey
Davis Michaelsen and Editor Brian Grete discuss this week’s market action...
USDA’s Cattle Inventory Report showed the U.S. cattle herd contracted 2.0% as of July 1. The Cattle on Feed Report showed the July 1 feedlot inventory up 0.4% from year-ago.
While record June beef stocks could imply sluggish demand, it may also be related to facilities building inventories due to ongoing strong exports. Pork stocks declined less than average last month.
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Russia agrees to not target grain shipment vessels, Huawei is once again under suspicion and foot and mouth disease detected in Australia...
Australia finds traces of FMD, ASF
Corn falls to six-month low overnight on favorable Midwest forecast; soybeans rebound, wheat lower.