Latest News From Commodity Update
Weekly Market Recap (7/29)
Soybean futures post largest weekly gain in 23 years, corn also firmer, on concern over Midwest heat; wheat posts weekly gain.
Cash Cattle Trade
Cash cattle trade started around $135 in the Southern Plains and $225 in the Nebraska dressed market on Wednesday. . .
HRS Wheat Tour Results - Day 2
Scouts on Day 2 of the Wheat Quality Council’s annual spring wheat tour found an average HRS yield of 47.7 bu. per acre on routes through central and northern North Dakota.
Indonesia Tests Higher Biodiesel Blends
Indonesia launched road tests for two types of biodiesel containing 40% palm oil, hoping to conclude by the end of the year whether they are viable for public use.
U.S. to Sell More Oil From SPR
The Biden administration announced it will sell an additional 20 million barrels of oil from the Strategic Petroleum Reserve (SPR) as part of a previous plan to tap the facility to calm oil prices.
Corn, Soybeans, Wheat Rally
Corn, soybeans rally as USDA crop ratings slip, Midwest heat seen returning; wheat also higher.
Grain, Soybean Futures Gain
Grain, soybean futures gain on concern over Ukraine shipments, return of Midwest heat next week.
Net U.S. Corn Sales Drop
USDA reported net U.S. corn sales during the week ended July 14 of 33,900 MT for the 2021-22 marketing year, down 43% from the previous week and . . .
Today's Market Recap (7/19)
Corn, soybean futures fall on prospect for relief from extreme Midwest heat; wheat futures also lower.
Crop-Stressing Heat this Week
The Plains and western Corn Belt are expected to experience extreme, crop-stressing heat this week. . .
Chinese Pork Production Surges
China’s second-quarter pork production climbed to 13.8 MMT, the highest level for the period since at least 2015.
Yellen: Inflation ‘Unacceptably High’
U.S. Treasury Secretary Janet Yellen has warned that inflation in the U.S. is “unacceptably high” and said bringing down rising prices will be Washington’s “top priority.”
Morning Calls & Comments (7/14)
Wheat futures caught a bid late in the overnight session after weekly export sales greatly topped expectations.
Food Prices Jump over 10%
Food prices jumped 10.4% from year-ago in June – the biggest annual gain since February 1981.
Grain Markets Roar Back
Grain markets roar back from sharp post-holiday losses, corn, soybeans post weekly gains amid Midwest drier forecast.