After the Bell | July 23, 2021
Midwest rainfall prospects send grain futures lower for week, hogs at one-month high on firm pork.
Frozen beef stocks dropped 4.3% during June whereas they typically hold near steady for the period.
Pro Farmer editors provide daily updates on advice, including if now is a good time to catch up on cash sales.
Cash prices generally strengthened for grains, soybeans.
“Active weather prevailed across much of the South, East, and Midwest, as well as parts of the Plains, into the middle of July, followed by a southward shift in widespread shower activity,” today's report says.
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On the other hand, wheat sales climbed in the face of rising futures prices, with USDA also reporting a small but unexpected sale for 2022-23.
Ahead of the Open | July 22, 2021
Grain futures slump in overnight sell-off, soybeans at one-week low.