Pro Farmer
The dry conditions have allowed for swift planting progress
Nearly half of Oklahoma and Nebraska wheat is rated poor to very poor as record heat and extreme moisture deficits stress the 2026 Hard Red Winter crop.
Wheat led strength overnight, soybeans led weakness and corn was caught in the middle.
USDA annual summary shows red-meat production fell 2% last year, with beef production down 4%.
Soybean meal once again an anchor weighing down soybeans
While the S&P 500 hits record highs, a 46% surge in diesel and restricted fertilizer flows through the Strait of Hormuz mean ag input costs might not normalize until at least 2028.
Corn futures continue to push higher and are leading strength, while soybeans followed to the upside overnight.
Stormy, windy in the Midwest, Plains states the next couple days
