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Advice to farmers on carbon credit trading: wait

Spring wheat futures posted new highs overnight amid crop concerns and the hot, dry forecast.

That said, sales of most commodities were in line with expectations and the only net sales reduction was for soyoil.

Another slowdown in crush expected for June, with export sales also out today. Low water levels on Argentina’s Parana River still causing headaches. Chinese pork production hits seven-year high in Q2

Cash hog, pork cutout prices firmed over the past week.

Hot, dry forecasts for August bolstered grain and soy futures.

Afternoon update on market action.

The U.S. economy displayed “moderate to robust growth” from late May to early July, according to today’s Beige Book released by the Federal Reserve.

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.

Afternoon analysis of today's livestock trade.

Midmorning update on commodity market action.

World Weather Inc. forecasts an active near-term weather pattern for the Midwest, inflation accelerated in June and a new bipartisan push to open Cuba to U.S. agriculture arises...

Grain and soy complex futures finished higher near session highs overnight, which should spark followthrough buying today.

Powell testifies | EU unveils climate change plan | Debt limit | Inflation accelerates

Storms expected to roll across the Midwest from today forward. China’s summer wheat crop up from 2020, but quality is a concern. Biden to meet with Senate Democrats about their $3.5-tril. budget reconciliation plan.

“A return of La Nina could aggravate an already exceptional drought in south-central Brazil that has resulted in one of the driest periods in over 90 years," says South American Crop Consultant Dr. Michael Cordonnier.

Livestock and poultry producers who suffered losses during the Covid-19 pandemic due to insufficient access to processing can apply for aid under USDA's Pandemic Livestock Indemnity Program from July 20 to Sept. 17.

La Nina re-emergence could spell trouble for Brazilian producers, opportunity for the U.S.

The corn and soybean markets built on Monday's gains, with live cattle and lean hog futures also climbing.

Closing commentary on lean hog and live cattle futures.

Update on market action for corn, soybeans, wheat and cotton futures.

Midmorning update on commodity market action.

Cordonnier sports a neutral to lower bias on U.S. corn and soybean crops, Americans expect inflation to increase and China’s meat imports retreat…

Analysts don’t know how to size up HRS wheat crop | Brazil corn crop lowered again

Spring wheat was supported by falling crop conditions, while corn and soybeans firmed late overnight.

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.

Highlights from today's Crop Progress and Condition Report.

USDA’s initial spring wheat crop estimate much smaller than expected.

The CCI ratings for the corn and soybean crops were nearly unchanged for the week.

A rally in spring wheat futures provided spillover support to corn and soybeans.

Update on commodity market action.

Recap of today's cattle and hog market action.

Chip Flory and Jim Wiesemeyer discuss beef cattle and dairy markets with an eye toward USDA Secretary Vilsack's visit to the Omaha, Nebraska area.

Get a breakdown of the need-to-know items from today's WASDE and Crop Production reports.

USDA maintained its weather-adjusted trendline yield estimates for both corn and soybeans and incorporated its June 30 harvested acreage estimates.

Inspections for corn, soybeans and wheat were in line with expectations.

Midmorning update on commodity market action.

Corn soybean and spring wheat futures are mildly higher this morning. Cattle futures are mostly weaker with hog futures off to a firmer start to the week.

USDA will update its U.S. and global balance sheets today, weekend precipitation was light over the upper Midwest and a resurgence of ASF in China may extend pork demand...

Corn and soybeans were mildly firmer overnight on positioning ahead of USDA's July crop reports at 11 a.m. CT. Weekend rains were ample across all but northern locations of the Midwest.

Find updates to our short-term, intermediate- and long-term trends for commodity and key outside markets.

Markets favoring the upside as trade readies for USDA reports. Timely rain for much of the Corn Belt, but Upper Midwest remains dry. China to boost boost storage capacity and ease restrictions for small hog producers.

Child tax credit payouts start today | Recap of, reaction to Biden’s executive order

Fed chair Powell testifies twice this week | Biden meets German leader Merkel

Pro Farmer's Evening Report | July 9, 2021 USDA to provide $500 million to support competition in meat processing industry.

After the Bell | July 9, 2021 Mild Midwest weather outlook keeps corn under pressure as markets await USDA Supply and Demand report.

Livestock Analysis | July 9, 2021 Cattle futures settle near one-month low amid ongoing beef market slide, hogs firmer in tight range.

Crops Analysis | July 9, 2021 Corn futures end at six-week low on Midwest weather, soybeans up on export ideas; dryness lifts spring wheat.

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Market Snapshot | July 9, 2021 Corn futures sink to six-week lows on mild Midwest weather outlook, exports lift soybeans.