Pro Farmer
Federal antitrust regulators reached settlements in two closely watched agriculture cases that could have significant implications for farmers and consumers.
Corn led strength overnight, gapping higher amid a lack of rain in the forecast as the bulk of the crop heads into pollination over the next couple weeks.
Hot weather outlook drives overnight gains for grains...
High heat will expand eastward from the Northern Plains
The farm economy is at a crossroads. High costs and negative margins are driving record government payments, but economists say innovation, lower costs and new demand are key to restoring profitability.
An overall friendly reports for crops amid shrinking world balance sheets.
USDA pegged new crop corn ending stocks at 1.790 billion bu., well below the average pre-report estimate of 1.873 billion bu. World ending stocks for corn, soybeans and wheat also landed below expectations.
Wheat continues to lead strength with corn and soybeans following to the upside.
New World screwworm cases in U.S. continue to creep up
Cattle futures break to fresh lows amid cash market weakness.
Corn and soybeans continue to see relative weakness.
Cattle based early in the session before sellers returned.
USDA will use the latest planted acreage estimates and incorporate Grain Stocks data.