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Meat industry hearings: No single answer to pricing issues; questions about expansion of slaughter capacity.

Ahead of the Open | July 29, 2021 Wheat futures seen higher as crop tour projects sharp yield drop, corn, soybeans also higher.

Also of note, wheat sales climbed 46% from the four-week average to 515,200 MT, with China topping the list of buyers — despite elevated prices.

Second day of spring wheat tour finds even lower yields. Bunge CEO optimistic Chinese demand for corn is here to stay. USDA confirms ASF in Dominican Republic.

Soybean basis soars on rollover to the November contract, but the cash price falls.

Fed Chair Jerome Powell said the Fed is still a ways away from considering raising interest rates, though he did acknowledge near-term risks to inflation are to the upside.

After the Bell | July 28, 2021 Drought damage sends wheat futures up sharply, corn, soybeans also higher on dryness concern.

Sweltering temperatures may spur some sever weather today, Senators near the finish line on physical infrastructure bill and the CDC reinstates mask guidance...

Fed meeting will focus on tapering timeline | Focus on Fed chairman’s presser

Ahead of the Open | July 28, 2021 Wheat futures surge as tour shows drought damage, corn, soybeans also higher.

Excessive heat continues for central U.S.; severe weather possible. Day 1 of spring wheat tour calculates a sub-30 bpa yield. Fed meeting ends today. CDC urges masks indoors for everyone in areas of surging cases.

Annual June survey finds Indiana farmland values exceed old highs set in 2014.

On an earnings call today, Archer Daniels Midland CEO Juan Luciano said the world lost 15 MMT of crop production due to bad weather over the past two to three weeks.

Soybean futures gain after USDA crop ratings disappoint, corn fades from early gains, wheat mixed.

Spring wheat crop conditions fall sharply, a key vote in Washington failed to happen yesterday amid partisan squabbles and Cordonnier maintains U.S. crop estimates...

China wolf warrior attitude towards U.S. continues | Day 1 of FOMC confab

Ahead of the Open | July 27, 2021 Corn, soybean futures expected to trade higher after USDA crop ratings unexpectedly erode, wheat also higher.

Markets bounce as crop condition ratings slide. Sultry weather grips Northern Plains and western Corn Belt. Latest WHIP+/ag disaster bill authorizes up to $8.5 billion for eligible 2020 and 2021 disasters.

Find highlights from USDA's latest Crop Progress and Condition Report.

Drought continues to hammer the U.S. spring wheat crop, while corn and soybean ratings slipped.

After the Bell | July 26, 2021 Corn, soybeans end higher amid slightly reduced rainfall outlook for Midwest, wheat lower as winter harvest moves along.

Jim Wiesemeyer and guest host Davis Michaelsen discuss the week ahead in Washington...

Corn inspections were also decent and above 1 MMT. Soybean inspections were near the upper end of expectations, though the overall tally was still pretty light.

Corn soybean and wheat futures open the week under pressure on Friday’s poor closes and overnight pressure. Cattle futures are firmer on USDA’s Cattle Inventory Report, out Friday. Hog futures are mildly softer.

NASS and World Board willing to discuss, act on changes if needed - Funding key issue

Ahead of the Open | July 26, 2021 Corn, soybean futures fall near two-week lows following Midwest rainfall, outlook for cooler temperatures.

Hot, dry week likely for much of the Midwest & Plains. Low Parana River water levels likely to get worse before they get better. Vilsack predicts moderation in food inflation. Friendly cattle reports may boost futures.

A few issues linger on physical infrastructure measure

Nominations | FY 2022 spending | FOMC meeting, presser | Meat industry hearings

After the Bell | July 23, 2021 Midwest rainfall prospects send grain futures lower for week, hogs at one-month high on firm pork.

Davis Michaelsen and Editor Brian Grete discuss this week's market action...

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Most farmers don’t need an incentive to do the right thing, says guest blogger Gabriel Carballal.

Temps cool in Canada but dryness remains, China's soybean imports are expected to slow in the second half of the year and GOP leaders say they will oppose efforts to increase government borrowing limits...

More WHIP+ aid focus next week | GOP has concerns about CRP sweetener

Ahead of the Open | July 23, 2021 Corn, soybean futures lower, wheat firmer as trade eyes hot, dry Midwest outlook.

Evening weather update calls for less Midwest rain. French wheat crop ratings dip again, with heavy rains eroding crop prospects. Chinese soybean imports could slow 2H of 2021. Taper talk at the Fed.

After the Bell | July 22, 2021 Grain, soy futures tumble amid profit-taking, soft exports, hog futures fade from five-week high.

Frozen beef stocks dropped 4.3% during June whereas they typically hold near steady for the period.

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.

Canadian wheat crop struggles are not yet reflected in crop estimates, Senate Republicans block debate on infrastructure and China is dealing with major flooding...

Senate GOP votes are in place next week to clear traditional infrastructure bill

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.

Profit-taking overnight. Industry still trying to get a handle on Canada’s wheat and canola crops. Central China is dealing with floods. FTC adopts policy statement to take on ‘right to repair.'

Corn and soybean basis remain much stronger than normal.

Given last year’s pandemic-related disruptions to the cattle herd, the data could receive more market attention than it typically does, with traders likely to take particular note of USDA’s calf crop estimate.

After the Bell | July 21, 2021 Hot, dry Midwest outlook boosts new-crop corn, soybean futures, winter wheat hits two-month highs.

On average, analysts surveyed by Reuters expect USDA’s Cattle on Feed Report to show there were around 11.324 million head of cattle on feed as of July 1, down 1% from year-ago levels.