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Ahead of the Open | August 24, 2021 Corn futures expected higher after USDA ratings decline, soybeans firm, wheat lower.

Corn, soybean CCI ratings continue to decline. Worries about what another La Nina-plagued growing season might mean for South America. Some Senate Republicans urge EPA to set 2021, 2022 RVOs below ethanol “blend wall.”

After the Bell | August 23, 2021 Soybean, wheat futures gain on technical bounce, oil rally, nearby live cattle reach 17-month high.

But cotton ratings shot higher once more as Texas continues to receive rain.

There were 401.26 million lbs. of beef in the nation’s freezers at the end of July, just a 256,000-MT decline from the end of June versus the five-year average increase of 23.6 million lbs. for the month.

The corn and soybean CCI ratings are the lowest of the growing season.

Corn, soybean and wheat futures are firmer to start the week. Livestock futures are also higher.

Chip Flory and Washington policy analyst Jim Wiesemeyer discuss current D.C. policy issues and events...

USDA also revised last week’s tally a substantial, 120,000 MT higher. Shipments of corn and soybeans were in line with expectations.

Alex DiNovo is president and COO of DNO Produce group of companies, Columbus, Ohio.