Corn futures are trying to rebound mid-morning.
The Supreme Court in favor of refiners regarding SREs. USDA boosts its food price inflation forecasts. Meanwhile, its monthly Cattle on Feed Report was generally in line with expectations.
After the Bell | July 19, 2021
Wheat futures extend gains as crop bakes in Northern Plains heat, corn and soybeans little-changed to lower.
Livestock Analysis | July 19, 2021
Hog futures finish mostly lower but pork market remains firm, cattle futures mixed.
Corn ratings finally stabilized, but condition ratings for soybeans and wheat continue to decline. Meanwhile, labor shortages and rising input costs have dampened farmer optimism.
Traders readying for USDA's Supply & Demand and Crop Production Reports on July 12.
Barge rates signal big grain shipments. Today's Cattle on Feed and Cattle Inventory reports were supportive.
Find expectations for USDA's July 12 Crop Production and WASDE reports.