Latest News From PRO FARMER

After the Bell | July 26, 2021 Corn, soybeans end higher amid slightly reduced rainfall outlook for Midwest, wheat lower as winter harvest moves along.

Livestock Analysis | July 26, 2021 Hog futures reach five-week high on pork market strength, cattle boosted by USDA reports.

Crops Analysis | July 26, 2021 Corn, soybeans erase early declines, end higher on slightly drier Midwest forecast, wheat lower.

Jim Wiesemeyer and guest host Davis Michaelsen discuss the week ahead in Washington...

Your midmorning update on commodity market action.

Corn inspections were also decent and above 1 MMT. Soybean inspections were near the upper end of expectations, though the overall tally was still pretty light.

Corn soybean and wheat futures open the week under pressure on Friday’s poor closes and overnight pressure. Cattle futures are firmer on USDA’s Cattle Inventory Report, out Friday. Hog futures are mildly softer.

NASS and World Board willing to discuss, act on changes if needed - Funding key issue

Ahead of the Open | July 26, 2021 Corn, soybean futures fall near two-week lows following Midwest rainfall, outlook for cooler temperatures.

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.

A few issues linger on physical infrastructure measure

Nominations | FY 2022 spending | FOMC meeting, presser | Meat industry hearings

After the Bell | July 23, 2021 Midwest rainfall prospects send grain futures lower for week, hogs at one-month high on firm pork.

Davis Michaelsen and Editor Brian Grete discuss this week's market action...

Livestock Analysis | July 23, 2021 Hog futures reach one-month highs on stronger pork, cattle near two-week highs.

Crops Analysis | July 23, 2021 Corn, soybeans end lower on week as some forecasts increase Midwest rain chances, wheat lower.

Barge rates signal big grain shipments. Today's Cattle on Feed and Cattle Inventory reports were supportive.

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Midmorning update on commodity trade.

Most farmers don’t need an incentive to do the right thing, says guest blogger Gabriel Carballal.

Temps cool in Canada but dryness remains, China's soybean imports are expected to slow in the second half of the year and GOP leaders say they will oppose efforts to increase government borrowing limits...

More WHIP+ aid focus next week | GOP has concerns about CRP sweetener

Ahead of the Open | July 23, 2021 Corn, soybean futures lower, wheat firmer as trade eyes hot, dry Midwest outlook.

Evening weather update calls for less Midwest rain. French wheat crop ratings dip again, with heavy rains eroding crop prospects. Chinese soybean imports could slow 2H of 2021. Taper talk at the Fed.

After the Bell | July 22, 2021 Grain, soy futures tumble amid profit-taking, soft exports, hog futures fade from five-week high.

Frozen beef stocks dropped 4.3% during June whereas they typically hold near steady for the period.

Spotty Midwest drought improvement, spring wheat areas still baking.

Crops Analysis | July 22, 2021 Corn, soybeans tumble amid fund selling, disappointing exports, wheat drops first time in seven days.

Livestock Analysis | July 22, 2021 Hog futures fall in step with weaker cash markets, strong exports, weaker corn boost cattle futures

Cash prices generally strengthened for grains, soybeans.

“Active weather prevailed across much of the South, East, and Midwest, as well as parts of the Plains, into the middle of July, followed by a southward shift in widespread shower activity,” today's report says.

Mid-morning update on commodity market action.

Canadian wheat crop struggles are not yet reflected in crop estimates, Senate Republicans block debate on infrastructure and China is dealing with major flooding...

Senate GOP votes are in place next week to clear traditional infrastructure bill

On the other hand, wheat sales climbed in the face of rising futures prices, with USDA also reporting a small but unexpected sale for 2022-23.

Ahead of the Open | July 22, 2021 Grain futures slump in overnight sell-off, soybeans at one-week low.

Profit-taking overnight. Industry still trying to get a handle on Canada’s wheat and canola crops. Central China is dealing with floods. FTC adopts policy statement to take on ‘right to repair.'

Corn and soybean basis remain much stronger than normal.

Given last year’s pandemic-related disruptions to the cattle herd, the data could receive more market attention than it typically does, with traders likely to take particular note of USDA’s calf crop estimate.

After the Bell | July 21, 2021 Hot, dry Midwest outlook boosts new-crop corn, soybean futures, winter wheat hits two-month highs.

Livestock Analysis | July 21, 2021 Hog futures reach highest level in over a month on stronger cash, cattle futures firm, waiting USDA reports.

On average, analysts surveyed by Reuters expect USDA’s Cattle on Feed Report to show there were around 11.324 million head of cattle on feed as of July 1, down 1% from year-ago levels.

Another forecast for an even bigger 2021-22 Brazilian bean crop. High degree of uncertainty about coming cattle placements number.

Crops Analysis | July 21, 2021 SRW, HRW wheat futures rise sixth straight day, new-crop corn, soybeans firmer on dryness concern.

Midmorning update on commodity market action.

The weather forecast remains concerning, Putin says he will work to curb food prices in Russia and the Federal Maritime Commission will conduct audits on major shippers...

Vilsack says more aid coming | Slim odds for axing corn-ethanol mandate

Ahead of the Open | July 21, 2021 Grain, soybean futures mostly higher as Midwest, Plains dryness trims crop potential.

A high pressure ridge could lead to more drying in western Corn Belt, Northern Plains. USDA isn’t the only one missing the mark on Canada’s wheat crop. Odds are low for a proposed bill to end corn-ethanol mandate.

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.