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The extended weather forecast from the National Weather Service calls for “equal chances” for normal, above-normal and below-normal rainfall across the central U.S. during September.

US to escalate USMCA dispute, India negotiates for Russian wheat and the EU investigates Indonesia’s biofuel import policy...

Biden admin. set to escalate claim Mexico corn trade policy violates USMCA

Soybeans are expected to modestly favor the upside, while corn and wheat are called lower this morning.

USDA reported 2023-24 soybean sales of 1.407 MMT, topping the pre-report range by over 100,000 MT.

Grain markets traded in relatively narrow ranges overnight as soybeans modestly firmed, while corn and wheat declined.

Average cash hog price falls below $100 for the first time in six weeks.

Corn and soybean basis is stronger than the respective three-year averages.