News
“A return of La Nina could aggravate an already exceptional drought in south-central Brazil that has resulted in one of the driest periods in over 90 years,” says South American Crop Consultant Dr. Michael Cordonnier.
Chip Flory and Jim Wiesemeyer discuss beef cattle and dairy markets with an eye toward USDA Secretary Vilsack’s visit to the Omaha, Nebraska area.
Get a breakdown of the need-to-know items from today’s WASDE and Crop Production reports.
USDA maintained its weather-adjusted trendline yield estimates for both corn and soybeans and incorporated its June 30 harvested acreage estimates.
Inspections for corn, soybeans and wheat were in line with expectations.
Corn soybean and spring wheat futures are mildly higher this morning. Cattle futures are mostly weaker with hog futures off to a firmer start to the week.
Corn and soybeans were mildly firmer overnight on positioning ahead of USDA’s July crop reports at 11 a.m. CT. Weekend rains were ample across all but northern locations of the Midwest.
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Find updates to our short-term, intermediate- and long-term trends for commodity and key outside markets.
Markets favoring the upside as trade readies for USDA reports. Timely rain for much of the Corn Belt, but Upper Midwest remains dry. China to boost boost storage capacity and ease restrictions for small hog producers.
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