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.
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.