Latest News From PRO FARMER

After the Bell | June 21, 2021 Soybean futures rally on China purchases, corn lower on Midwest rains, hogs extend slide.

Livestock Analysis | June 21, 2021 Hog futures drop daily trading limit on outlook for bigger supplies, cattle mixed.

Crops Analysis | June 21, 2021 Soybean futures surge on China purchase, corn mostly lower after weekend rain in Midwest.

Refinitiv Commodities Research says trade flow data signals China will likely import 11.6 MMT of soybeans during June, which would be an all-time monthly high.

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

Corn inspections were also solid, with last week’s tally revised roughly 66,500 MT higher.

Pro Farmer's Market Snapshot | June 21, 2021 Corn futures under pressure as weekend rains bring some relief for dry soils in Midwest.

Grain and soy futures are under hefty pressure to start the week in response to weekend rains. Live cattle futures are quite as hog futures extend recent losses.

Grains, soybeans expected to drop sharply as weekend rain aids Midwest crops.

Iowa Poll signals trouble for Grassley re-election

Midwest rains are weighing on grain and soy futures. Chinese imports of Brazilian beans picked up in May. And Biden's opposition to a gas tax proposal and Democratic infighting could derail latest infrastructure effort.

Senate may attempt to clear Global Climate Solutions Act

Davis Michaelsen brings in the big guns and talks with Chip Flory after a wild week of trade...

After the Bell | June 18, 2021 Corn, soybeans surge amid lingering Midwest dryness, cattle up on firm cash market.

Livestock Analysis | June 18, 2021 Hog futures end week mixed with trade awaiting USDA data, cattle buoyed by strong cash market.

Crops Analysis | June 18, 2021 Grain, soybean futures post sharp rebound as Midwest dryness remains concerning.

China scoops up U.S. soybeans on price plunge. We reveal the results of our June acreage survey. And Rabobank also pegs Brazil's corn crop under 90 MMT.

China’s state-owned importers bought at least eight cargos (480,000 MT) of U.S. soybeans, today, two traders familiar with the deal toward Reuters. And that tally could climb even higher.

We project total corn and soybean plantings at a record 182.3 million acres, which is the exact total we estimated in March and would be up 8.4 million acres from last year and 2.0 million acres more than the 2017 peak.

A weather market is in full swing, with commodities diving the past week. Inside this week's letter you'll find plenty of updates on the forecast, crop conditions (crop comments are back!) and Washington happenings.

Grain and soy futures are rebounding after a week of heavy pressure.

If you thought EPA would announce RFS details Thursday, you were wrong

Expanded limits for many commodities are in place today, refiners post a RIN deficit and China will stockpile fertilizers and farm chemicals...

Ahead of the Open | June 18, 2021 Grain, soybean futures expected to open sharply higher as Midwest dryness concern lingers.

Volatility is here. Money flow will be key to market action moving forward. China remained an aggressive importers of grains and pork during May, despite high prices. Refiners appear to be betting on a blending reprieve.

Livestock Analysis | June 17, 2021 Hog futures drop daily trading limit amid cash weakness, cattle pull back from contract highs.

Crops Analysis | June 17, 2021 Corn, soybeans tumble daily trading limit as Midwest weather outlook seen boosting crops.

Drought worsens across Iowa, rains do little good in the Dakotas. And long-term weather maps show heat is likely to linger through September.

Nearly half of rural bankers report their local economy grew in May to June.

Cash prices for soybeans and corn fall.

The National Weather Service is calling for above-normal temperatures over most of the country during the July through September period.

Warm, dry conditions prevailed in northern and western areas of the Midwest the week ending June 15, resulting in the “widespread worsening of drought and dryness,” according to today’s National Drought Monitor.

Here's your mid-morning update on grain, soy and livestock futures action.

Biden and Putin agree on Iran's nuclear aspirations, limits expand for lean hog contracts as the cash market surges and Grassley looks forward to Ag Committee hearings on cattle industry woes...

Did Vilsack signal RFS change via interview with AgriTalk?

Ahead of the Open | June 17, 2021 Soybean futures extend slump to seven-week lows on Midwest weather, corn, wheat also down.

Export sales of corn were light, as expected, but old-crop sales did manage to stay in positive territory. Wheat sales were also near the lower end of expectations. Total soybean sales fell short of 72,000 MT.

Hot, stormy weather is expected for the Midwest, pressuring grain and soy futures. A bipartisan infrastructure plan gains support. And Biden and Putin agree to disagree at their summit yesterday.

Boxed beef, pork cutout values rolling over.

After the Bell | June 16, 2021 Crop-friendly weather outlook sends soybean futures to seven-week lows, hogs down daily limit.

The Fed cited an improving economy and dropped its longstanding reference that the Covid-19 pandemic was weighing on the economy.

Fed moves timeline on higher interest rates to 2023. Vilsack signals major changes are coming for the livestock industry.

Livestock Analysis | June 16, 2021 Hog futures tumble daily price limit on expanding supply outlook, cattle lifted by firm cash.

Crops Analysis | June 16, 2021 Soybean futures slide to seven-week lows amid favorable Midwest weather, corn also lower.

USDA to offer aid if the pork markets are impacted by line speed case.

Grain futures are higher midmorning, while soybeans continue to face pressure. Lean hog futures are sharply to limit lower.

Fed officials may indicate they are eyeing an interest rate increase sooner than expected, President Biden is to meet with Vladimir Putin today and China reports its pig herd surged in May...

Investors wait for FOMC statement and chairman presser | Biden meets with Putin

Ahead of the Open | June 16, 2021 Soybean futures sink near 3-week low with milder weather ahead for Midwest, cattle supported by cash market strength.   

Some buying returned to grain futures overnight. Markets will zero in on the Fed today and whether it bumps up its timeline for higher interest rates. Meanwhile, China is reporting its sow herd is near pre-ASF levels.