News
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.
Crude futures drop overnight, the European Central Bank may raise rates and Biden announces executive actions to fight climate change...
NWS forecast calls for above-normal temps across most of the country for August through October. Below-normal rainfall is expected over most of the central and western Corn Belt.
Crop insurance experts give suggestions to House panel to further improve program
There was some shifting in the drought footprint based on rains over the past week.
Corn, soybean futures drop to two-week lows overnight on Midwest rain outlook; wheat also lower.
Weekly exports meet trade expectations for the week ended July 14, 2022.
Corn and soybean futures extended losses from the two previous days overnight. Wheat futures also weakened.
NSAC report saying billions of dollars in savings from means testing crop insurance brings negative reaction
Corn and soybean basis remains well above the respective three-year averages.