Corn, soybeans and wheat favored the upside in early overnight trade, though sellers emerged early this morning, bringing corn and soybeans below yesterday’s close.
As of July 12, 69% of the U.S. was experiencing abnormal dryness/drought, according to the U.S. Drought Monitor, down one percentage point from the previous week.
IMF cuts U.S. GDP growth forecast, USDA announces counties eligible for double-crop insurance opportunities and strong beef movement suggests near-term cash market strength...
World Weather Inc. says 2022 is closely tracking 1956, which turned into a good year for crops with some record yields despite hot, dry weather in the Plains and western areas of the Midwest.
Grain and soy markets gapped higher overnight but fell from overnight highs at the open of the day session. Cattle futures are lower with feeders leading losses as lean hogs firm slightly...
USDA will update balance sheets to reflect June 1 stocks and its new-crop planted acreage estimates. USDA will also release its first all-wheat production estimate.
Followthrough from strong overnight gains in grain/soy futures. Cattle and hogs also expected to open higher. Outside markets could curb buying in grain/livestock markets.
Corn, soybean and wheat futures gapped sharply higher at the start of overnight trade. While prices remain sharply higher, futures are trading low range this morning.
