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More rain for the southern, eastern areas of the Midwest heading into the weekend. Wildfire disrupting shipping at Canada’s largest port. Global food prices slide for the first time in a year.

Corn and soybean basis both pull back after last week’s surge.

After the Bell | July 7, 2021 Slipping crop ratings push soybeans, spring wheat futures higher, corn under weather pressure.

Quarterly survey of ag bankers finds optimism across Texas.

Ahead of the Open | July 7, 2021 Soybean futures poised to open higher as USDA crop ratings fall short of expectations, corn down on weather.

FOMC minutes | Gas prices nearly $1 higher than year ago | EU carbon tax $-maker

Corrective buying after yesterday’s dive. Fed to release FOMC minutes today. Chinese corn production likely to climb at least 6% in 2021-22. Vilsack heading to Nebraska for a ‘major announcement’ on Friday.

Says recent court decisions are a challenge, but industry is still focused on bolstering biofuel industry.

Find highlights from today’s Crop Progress and Condition Report.

The corn CCI rating inched higher, while the soybean reading slipped.