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Disinflationary pressures along with big Corn Belt rains undercut the crop markets Thursday. Worries that wholesale meat prices are set to decline seasonally depressed the livestock markets.

Get preliminary route reports from Crop Tour leaders as they make their way through Iowa and Minnesota on the final day of the tour.

$350 million in pandemic aid payments to dairy farmers via PMVAP

The northwest Corn Belt has been particularly hard-hit.

Illinois yield results from day three of Pro Farmer’s Crop Tour were impressive, Vilsack is expected to make a dairy aid announcement today and Biden vows to evacuate Americans and Afghans from embattled Afghanistan...

Other USDA pandemic aid announcements coming soon

The 30- and 90-day forecast maps maintain concerns about drought-stressed crops in the northwest Corn Belt but they signal crops in the eastern Belt should have the moisture needed to finish strong.

The prospect of heavy rains over larger areas of the Corn Belt today depressed the crop markets overnight. Continued wholesale strength for beef and pork seemingly favor steady-firm livestock market openings.

Aggressive buying by China (much of which was known) powered the strong showing.