News
World Weather Inc. forecasts an active near-term weather pattern for the Midwest, inflation accelerated in June and a new bipartisan push to open Cuba to U.S. agriculture arises...
Monthly economic condition survey finds continuing strong growth in rural areas of the Midwest.
The central and eastern Corn Belt was a battleground of sorts, with some locations seeing improvement with this week’s heavy rainfall, while other locations missed out,” today’s Drought Summary said.
The National Weather Service’s 30- and 90-day forecasts favor continued warm, dry weather for these areas.
Advice to farmers on carbon credit trading: wait
Spring wheat futures posted new highs overnight amid crop concerns and the hot, dry forecast.
![“Asian exporters are paying premium shipping rates, sometimes 10 times what the rate is for going from the [United] States back to Asia, and this shipping rate disparity incentivizes sending back those empty containers,” Borror said.](https://assets.farmjournal.com/dims4/default/92c7bcd/2147483647/strip/true/crop/840x561+0+19/resize/250x167!/format/webp/quality/90/?url=https%3A%2F%2Ffj-corp-pub.s3.us-east-2.amazonaws.com%2Fs3fs-public%2F2021-02%2FExport-ship-840.jpg)
That said, sales of most commodities were in line with expectations and the only net sales reduction was for soyoil.
Another slowdown in crush expected for June, with export sales also out today. Low water levels on Argentina’s Parana River still causing headaches. Chinese pork production hits seven-year high in Q2
Cash hog, pork cutout prices firmed over the past week.
Hot, dry forecasts for August bolstered grain and soy futures.