Barge rates signal big grain shipments. Today's Cattle on Feed and Cattle Inventory reports were supportive.
Spotty Midwest drought improvement, spring wheat areas still baking.
Another forecast for an even bigger 2021-22 Brazilian bean crop. High degree of uncertainty about coming cattle placements number.
Reuters is reporting the White House delayed rulemaking on RFS. More freezing temperatures likely for Brazil in the days and weeks ahead. CRP signup deadline is Friday.
Spring wheat ratings dive again, as hot, dry weather bakes crop.
USDA raises its 2021 beef export forecast, trims total supply for 2022. July rural mainstreet index shows strong rural economies. Pork processors lost their line speeds appeal.
Worrisome long-term weather maps for spring wheat country and into the western Corn Belt. NOPA’s June crush slows more than anticipated. Schumer plans to tee up infrastructure vote next week.
Beige Book notes the Fed’s business contacts not convinced inflation is transitory. Smithfield halts slaughter at its original Virginia facility. U.S. steps up pressure on businesses over Xinjiang situation.
La Nina re-emergence could spell trouble for Brazilian producers, opportunity for the U.S.