Investors wait for FOMC statement and chairman presser | Biden meets with Putin

Ahead of the Open | June 16, 2021 Soybean futures sink near 3-week low with milder weather ahead for Midwest, cattle supported by cash market strength.   

Some buying returned to grain futures overnight. Markets will zero in on the Fed today and whether it bumps up its timeline for higher interest rates. Meanwhile, China is reporting its sow herd is near pre-ASF levels.

China to auction off a small amount of corn. NOPA crush once again comes in lighter than expected. Late safrinha corn harvest presents challenges for Brazilian producers.

After the Bell | June 15, 2021 Corn, soybeans extend slide on crop-favoring weather outlook, cattle surge on strong cash.

Livestock Analysis | June 15, 2021 Cattle futures surge near contract highs on corn slump, strong cash; hogs mixed.

Crops Analysis | June 15, 2021 Corn, soybean futures tumble to two-week looks on crop-friendly weather outlook.

USDA announced today it will expand the Clean Lakes, Estuaries, And Rivers initiative, called CLEAR30, from a pilot program to a nationwide program.

Members of the National Oilseed Processors Association crushed 163.52 million bu. of soybeans during May, marking the fourth month in a row processing has fallen short of expectations.

Mid-morning update on market action.