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Markets bounce as crop condition ratings slide. Sultry weather grips Northern Plains and western Corn Belt. Latest WHIP+/ag disaster bill authorizes up to $8.5 billion for eligible 2020 and 2021 disasters.

Find highlights from USDA’s latest Crop Progress and Condition Report.

Drought continues to hammer the U.S. spring wheat crop, while corn and soybean ratings slipped.

After the Bell | July 26, 2021 Corn, soybeans end higher amid slightly reduced rainfall outlook for Midwest, wheat lower as winter harvest moves along.

Jim Wiesemeyer and guest host Davis Michaelsen discuss the week ahead in Washington...

Corn inspections were also decent and above 1 MMT. Soybean inspections were near the upper end of expectations, though the overall tally was still pretty light.

NASS and World Board willing to discuss, act on changes if needed - Funding key issue

Corn soybean and wheat futures open the week under pressure on Friday’s poor closes and overnight pressure. Cattle futures are firmer on USDA’s Cattle Inventory Report, out Friday. Hog futures are mildly softer.