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Analysts don’t know how to size up HRS wheat crop | Brazil corn crop lowered again

Spring wheat was supported by falling crop conditions, while corn and soybeans firmed late overnight.

Spring wheat CCI rating plunges again. Chinese purchases of soybeans, corn, wheat and meat all up from year-ago through June. Transportation spending bill has a spending offset issue. Cash hog bids dive.

Highlights from today’s Crop Progress and Condition Report.

The CCI ratings for the corn and soybean crops were nearly unchanged for the week.

A rally in spring wheat futures provided spillover support to corn and soybeans.

Chip Flory and Jim Wiesemeyer discuss beef cattle and dairy markets with an eye toward USDA Secretary Vilsack’s visit to the Omaha, Nebraska area.

Get a breakdown of the need-to-know items from today’s WASDE and Crop Production reports.

USDA maintained its weather-adjusted trendline yield estimates for both corn and soybeans and incorporated its June 30 harvested acreage estimates.