After the Bell | July 23, 2021
Midwest rainfall prospects send grain futures lower for week, hogs at one-month high on firm pork.
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.
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...
Vilsack says more aid coming | Slim odds for axing corn-ethanol mandate
Ahead of the Open | July 21, 2021
Grain, soybean futures mostly higher as Midwest, Plains dryness trims crop potential.