Spring wheat CCI rating plunges again. Chinese purchases of soybeans, corn, wheat and meat all up from year-ago through June. Transportation spending bill has a spending offset issue. Cash hog bids dive.
Hot, dry week likely for much of the Midwest & Plains. Low Parana River water levels likely to get worse before they get better. Vilsack predicts moderation in food inflation. Friendly cattle reports may boost futures.
Pro Farmer Crop Tour begins. Rain chances for the Midwest and Northern Plains later this week. Argentina reroutes funds to help with low water along the Parana River. Big jump for pork values on Friday.