News
USDA estimates the drought footprint at 29% for corn (up six points from last week), 22% for soybeans (up seven points), 19% for spring wheat (unchanged) and 68% for cotton (up seven points).
N.Y. Fed views greenback status as ‘unchallenged,’ Ukraine expects grain harvest to be ‘not bad,’ and traders anticipate near-term strength in the cash hog market...
Corn futures traded lower for much of the overnight session but are mildly firmer this morning, while soybeans and wheat are showing stronger corrective gains following Tuesday’s sharp losses.
The soybean CCI rating dropped below the five-year average for the first time this growing season.
Corn futures extend slump, hit five-month lows on Midwest rain; soybeans and wheat also plummet.
Corn, soybean and wheat export inspections all fell short of expectations and below the required paces to hit USDA’s export forecasts.
Short-term price trend turns down for most of the grain and soy complex markets.
Grain and soy complex futures are under hefty pressure. Cattle futures are higher with lean hogs mixed to start the week...
Germany posts first trade deficit since 1991
Grain, soybean futures expected lower on followthrough pressure, weekend rains over much of Midwest.
Grain markets didn’t trade overnight and will resume trade at 8:30 a.m. CT. The U.S. dollar surged more than 1,000 points higher, making a new for-the-move high overnight.