After the Bell
Forecast rains over much of the Midwest seemed to sink soybean futures, whereas corn and wheat seemed to be competing for 2021-22 acreage. Beef values challenged the June high and seemingly boosting livestock prices.
Big wheat losses weighed on corn and soybeans Tuesday, eventually reversing early bean gains tied to announced daily sales. Livestock futures set back on concerns about wholesale strength translating to cash markets.
The grain and cotton markets paused in the wake of last week’s big gains, while soybeans were supported by another daily export sales announcement. Livestock futures seemed to garner strength from discounts to cash
The soy and wheat complexes, as well as cotton futures, finished the week on a strong note in the wake of Thursday’s supportive USDA reports. The corn and livestock markets struggled.
After the Bell | August 12, 2021 USDA’s lower-than-expected harvest estimates boost corn futures to six-week highs, wheat to three-month highs.
Grain and cotton futures posted a generally muted showing Wednesday ahead of Thursday’s important USDA reports. Cattle futures slipped along with recent cash losses, whereas fall hog futures posted a strong rebound.
After the Bell | August 10, 2021 Wheat futures end higher on bullish global supply-demand outlook, soybeans gain on export optimism.
After the Bell | August 9, 2021 Corn, soybean futures end mostly lower on weekend Midwest rainfall, general commodity market slump.
After the Bell | August 6, 2021 Grain, soybean futures end week on firm note with USDA expected to trim harvest outlook.
After the Bell | August 5, 2021 Corn futures gain on better than expected export sales, hog futures tumble after pork cutouts nosedive.