News
More rain for the Midwest, Delta producers brace for Hurricane Ida. Big jump in Russian wheat export duty. Fed’s annual Jackson Hole Symposium underway. China’s pork imports will rise in 2022.
Light pressure on corn and soybeans, but wheat bounces back. Bipartisan House bill would promote ethanol use. Philippines approves Golden Rice for commercial use. Beef prices soften for second day in a row.
Soybean basis slipped but the cash price rebounded.
After the Bell | August 25, 2021 Grain futures trade mixed, hogs firmer, with eyes on USDA’s weekly export update.
ERS made upward revisions to its 2021 food inflation forecasts for all food, restaurant and grocery store prices.
China: U.S. faces “most severe” inflation risks of any major economy
The House passes the Budget resolution, shippers are reporting ongoing difficulties filling orders and timely rains fell in key areas of the Midwest...
Ahead of the Open | August 25, 2021 Soy complex futures expected to open mostly lower after yesterday’s rally, SRW wheat near three-week low.
Another round of rain for dry areas of the Midwest. House approves budget resolution. Biden said he planned to stick to his Aug. 31 deadline for military withdrawal. Month-plus streak of beef gains comes to an end.
After the Bell | August 24, 2021 Soybeans rally as Chinese purchase stokes export optimism, corn up after USDA ratings drop.
USDA announced today that it is updating the Coronavirus Food Assistance Program 2 (CFAP 2) for contract producers of eligible livestock and poultry and producers of specialty crops and other sales-based commodities.