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First Thing Today Audio | July 21, 2021
First Thing Today Audio | July 21, 2021

The weather forecast remains concerning, Putin says he will work to curb food prices in Russia and the Federal Maritime Commission will conduct audits on major shippers...

Republicans Balk at Physical Infrastructure Measure with No Text and Sans Pay-fors
Republicans Balk at Physical Infrastructure Measure with No Text and Sans Pay-fors

Vilsack says more aid coming | Slim odds for axing corn-ethanol mandate

Ahead of the Open | July 21, 2021
Ahead of the Open | July 21, 2021

Ahead of the Open | July 21, 2021 Grain, soybean futures mostly higher as Midwest, Plains dryness trims crop potential.

First Thing Today | July 21, 2021
First Thing Today | July 21, 2021

A high pressure ridge could lead to more drying in western Corn Belt, Northern Plains. USDA isn’t the only one missing the mark on Canada’s wheat crop. Odds are low for a proposed bill to end corn-ethanol mandate.

After the Bell | July 20, 2021
After the Bell | July 20, 2021

After the Bell | July 20, 2021 Weather concerns push grain and soybean futures higher, hog futures up on strong pork market.

Reuters: White House delays rulemaking on RFS
Reuters: White House delays rulemaking on RFS

The Biden administration has delayed its annual rulemaking process regarding its biofuel blending mandates under the Renewable Fuel Standard (RFS) for 2021 (2022 for biodiesel), Reuters says in an exclusive report.

Chart Trend: Daily charts turn higher for corn, soybeans and wheat
Chart Trend: Daily charts turn higher for corn, soybeans and wheat

Find updates to our short-term, intermediate- and long-term trends for commodity and key outside markets.

First Thing Today Audio | July 20, 2021
First Thing Today Audio | July 20, 2021

Brazil's safrinha corn harvest progress lags year ago, squabbles continue over the infrastructure bill and the Biden administration blames China for a cyber attack...

Senate Dems Release Language for Generating Up to $16 Billion Annual in Carbon ‘Fee’
Senate Dems Release Language for Generating Up to $16 Billion Annual in Carbon ‘Fee’

USDA nearing $7.4 billion in Biden admin.-issued pandemic aid

Ahead of the Open | July 20, 2021
Ahead of the Open | July 20, 2021

Ahead of the Open | July 20, 2021 Grain, soybean futures expected to open higher following lackluster USDA crop ratings.

First Thing Today | July 20, 2021
First Thing Today | July 20, 2021

Grain and soy futures rallied overnight amid a concerning forecast for some areas and lower-than-expected corn and spring wheat condition ratings.

Corn conditions hold steady, spring wheat ratings dive again
Corn conditions hold steady, spring wheat ratings dive again

Find highlights from today's Crop Progress and Condition Report.

Another week... another plunge in spring wheat crop ratings
Another week... another plunge in spring wheat crop ratings

The spring wheat CCI rating is now 38.1% below the five-year average for this date.

After the Bell | July 19, 2021
After the Bell | July 19, 2021

After the Bell | July 19, 2021 Wheat futures extend gains as crop bakes in Northern Plains heat, corn and soybeans little-changed to lower.

Signal to Noise | July 19, 2021
Signal to Noise | July 19, 2021

Pro Farmer Washington Analyst Jim Wiesemeyer and host Chip Flory discuss the highlights of last week in D.C. 

Wheat inspections climb in the face of rising prices
Wheat inspections climb in the face of rising prices

Export inspections of corn, soybeans and wheat were all in line with expectations, with the corn tally holding above 1 MMT and wheat inspections nearing 500,000 MT. Soybean futures were light, as expected.

Monday Morning Wake Up Call | July 19, 2021
Monday Morning Wake Up Call | July 19, 2021

Corn and wheat futures are higher with weakness in the soy oil market limiting buyer interest in soybeans. Cattle futures are under pressure with lean hogs mixed.

Ahead of the Open | July 19, 2021
Ahead of the Open | July 19, 2021

Ahead of the Open | July 19, 2021 Grain, soybean futures expected to open higher on dryness concerns.

OPEC+ Ends Long Standoff; Increases Monthly Supplies by 400,000 Barrels Daily
OPEC+ Ends Long Standoff; Increases Monthly Supplies by 400,000 Barrels Daily

Biden administration blames China for Microsoft Exchange email hack

First Thing Today | July 19, 2021
First Thing Today | July 19, 2021

Spring wheat still soaring amid weather woes, with the warm dry forecast for the western Corn Belt concerning. China’s grain imports are still soaring. Its Sichuan province reported ASF in illegally transported piglets

Washington_DC_night
Road to $3.5 Trillion Reconciliation Measure

Hurdles ahead, but go-it-alone Dems want it bad

Bipartisan Negotiators Drop Stronger Tax Enforcement from Infrastructure Bill Pay-fors
Bipartisan Negotiators Drop Stronger Tax Enforcement from Infrastructure Bill Pay-fors

Funding issues stall talks on physical infrastructure measure

After the Bell | July 16, 2021
After the Bell | July 16, 2021

Weather will be the focal point next week as heat is expected to build, especially in the northwestern Corn Belt, where extreme temps are likely. Wheat has taken on a rare summer leadership role.

Market Watch | July 16, 2021
Market Watch | July 16, 2021

Soybean, spring wheat cash prices surged this week.

U.S. Pork Industry Loses Appeal on Line Speeds
U.S. Pork Industry Loses Appeal on Line Speeds

Social Security benefits COLA likely to be largest in decade | Billions paid in child tax credits

First Thing Today Audio | July 16, 2021
First Thing Today Audio | July 16, 2021

Harsh weather is forecast for the end of July, Germany confirms ASF on 2 farms and Xi Jinping emphasizes China's national food security problem...

Ahead of the Open | July 16, 2021
Ahead of the Open | July 16, 2021

Spring wheat futures exploded overnight amid U.S. and Canadian crop woes. USDA announced a daily SRW sale to China this morning.

First Thing Today | July 16, 2021
First Thing Today | July 16, 2021

Extreme heat coming for spring wheat country. Brazil’s corn contract washouts could be the highest since 2016. Xi raises food security to national security concern. Germany confirms its first cases of ASF in farm pigs.

After the Bell | July 15, 2021
After the Bell | July 15, 2021

Some profit-taking moved into the corn and soybean markets, while spring wheat continues to rally, pulling winter wheat futures higher in the process. Cattle and hog futures saw a choppy day of trade.

NOPA’s June crush slows more than anticipated
NOPA’s June crush slows more than anticipated

The data signals USDA is likely too high with its soy crush forecast.

July Rural Mainstreet Index Shows Strong Rural Economies
July Rural Mainstreet Index Shows Strong Rural Economies

Monthly economic condition survey finds continuing strong growth in rural areas of the Midwest.

soybeans-in-sun
Worrisome long-term weather maps for spring wheat country and into the western Corn Belt

The National Weather Service's 30- and 90-day forecasts favor continued warm, dry weather for these areas.

First Thing Today Audio | July 15, 2021
First Thing Today Audio | July 15, 2021

The E.U. raises its soft wheat forecast, dryness in Brazil results in dredging on the Parana River and ASF continues to cause concern...

Ahead of the Open | July 15, 2021
Ahead of the Open | July 15, 2021

Spring wheat futures posted new highs overnight amid crop concerns and the hot, dry forecast.

Weekly export sales light across the board over holiday reporting period
Weekly export sales light across the board over holiday reporting period

That said, sales of most commodities were in line with expectations and the only net sales reduction was for soyoil.

First Thing Today | July 15, 2021
First Thing Today | July 15, 2021

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

markets-up
Midweek Cash Markets | July 14, 2021

Cash hog, pork cutout prices firmed over the past week.

After the Bell | July 14, 2021
After the Bell | July 14, 2021

Hot, dry forecasts for August bolstered grain and soy futures.

fed-reserve-kansas-city
Beige Book notes the Fed’s business contacts not convinced inflation is transitory

The U.S. economy displayed “moderate to robust growth” from late May to early July, according to today’s Beige Book released by the Federal Reserve.

First Thing Today Audio | July 14, 2021
First Thing Today Audio | July 14, 2021

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...

Ahead of the Open | July 14, 2021
Ahead of the Open | July 14, 2021

Grain and soy complex futures finished higher near session highs overnight, which should spark followthrough buying today.

$3.5 Trillion Price Tag for ‘Human Infrastructure’ Reconciliation Package
$3.5 Trillion Price Tag for ‘Human Infrastructure’ Reconciliation Package

Powell testifies | EU unveils climate change plan | Debt limit | Inflation accelerates

First Thing Today | July 14, 2021
First Thing Today | July 14, 2021

Storms expected to roll across the Midwest from today forward. China’s summer wheat crop up from 2020, but quality is a concern. Biden to meet with Senate Democrats about their $3.5-tril. budget reconciliation plan.

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La Nina re-emergence could spell trouble for Brazilian producers, opportunity for the U.S.

“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.

USDA provides some details on animal depopulation/disposal assistance
USDA provides some details on animal depopulation/disposal assistance

Livestock and poultry producers who suffered losses during the Covid-19 pandemic due to insufficient access to processing can apply for aid under USDA's Pandemic Livestock Indemnity Program from July 20 to Sept. 17.

After the Bell | July 13, 2021
After the Bell | July 13, 2021

The corn and soybean markets built on Monday's gains, with live cattle and lean hog futures also climbing.

First Thing Today Audio | July 13, 2021
First Thing Today Audio | July 13, 2021

Cordonnier sports a neutral to lower bias on U.S. corn and soybean crops, Americans expect inflation to increase and China’s meat imports retreat…

U.S. Inflation Rose 5.4% in June, Highest Annual Rate Since 2008
U.S. Inflation Rose 5.4% in June, Highest Annual Rate Since 2008

Analysts don’t know how to size up HRS wheat crop | Brazil corn crop lowered again