PF Reaction: Bullish response to USDA reports

Get a breakdown of the need-to-know items from today's WASDE and Crop Production reports.

USDA’s initial spring wheat crop estimate much smaller than expected

USDA maintained its weather-adjusted trendline yield estimates for both corn and soybeans and incorporated its June 30 harvested acreage estimates.

Corn inspections just shy of 1 MMT

Inspections for corn, soybeans and wheat were in line with expectations.

10:30 a.m. Market Snapshot | July 12, 2021

Midmorning update on commodity market action.

Monday Morning Wake Up Call | July 12, 2021

Corn soybean and spring wheat futures are mildly higher this morning. Cattle futures are mostly weaker with hog futures off to a firmer start to the week.

First Thing Today Audio | July 12, 2021

USDA will update its U.S. and global balance sheets today, weekend precipitation was light over the upper Midwest and a resurgence of ASF in China may extend pork demand...

Ahead of the Open | July 12, 2021

Corn and soybeans were mildly firmer overnight on positioning ahead of USDA's July crop reports at 11 a.m. CT. Weekend rains were ample across all but northern locations of the Midwest.

Daily charts turn down for soymeal and wheat

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

First Thing Today | July 12, 2021

Markets favoring the upside as trade readies for USDA reports. Timely rain for much of the Corn Belt, but Upper Midwest remains dry. China to boost boost storage capacity and ease restrictions for small hog producers.

China Cutting Reserve Requirement Ratios, or RRRs, for All Banks

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