Pro Farmer
Mostly favorable conditions for summer crop development are expected to continue for at least the next 10 days.
Corn and wheat are mildly firmer with soybean futures choppy this morning. Livestock futures are slightly softer to start the week...
The list of major trading partners facing increased tariffs on Aug. 1 continues to build.
Cattle futures expected to open higher, hogs lower.
Corn rebounded from fresh contract lows, while soybeans bounced from a drop below $10.
Post-report price action signals traders feel USDA’s corn yield projection of 181 bu. per acre will be increased when the agency releases its first survey-based estimate in August.
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Cut to ending stocks fails to spark corrective buying in corn, as traders remain focused on favorable weather.