Grain and soy futures rallied overnight amid a concerning forecast for some areas and lower-than-expected corn and spring wheat condition ratings.
EPA still not expected to grant many RFS waivers despite court ruling.
Fed meeting will focus on tapering timeline | Focus on Fed chairman’s presser
Commodity traders focus on today’s Acreage, Grain Stocks reports from USDA
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.
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.
FOMC minutes | Gas prices nearly $1 higher than year ago | EU carbon tax $-maker
Analysts surveyed by Reuters did a pretty good job anticipating Statistics Canada’s planted acreage adjustments.