Latest News From Commodity Update
Morning Calls & Comments (6/3)
Corn, soybean and winter wheat futures were under mild pressure overnight and trading in narrow ranges as traders monitored the Ukraine situation and U.S. weather.
Grains & Livestock Tumble
July corn futures sank 23 3/4 cents to $7.53 1/2, the contract’s lowest closing price since April 4.
Call for Tariff Relief by Ag Groups
A broad mix of U.S. food and ag groups sent a letter to U.S. Trade Representative Katherine Tai calling for a halt to trade tariffs to ease inflation.
Soybeans Surge (5/26)
July soybeans surged 45 1/2 cents to $17.26 1/2, a lifetime-high close for the contract.
Grains Lower This Morning (5/26)
Winter wheat futures fell for a third consecutive day amid prospects for grain shipments out of the Black Sea region. Corn was lower and near 7-week lows . . .
Ethanol Report (5/25)
U.S. ethanol production averaged 1.014 million barrels per day (bpd) during the week ended May 20. . .
Calls & Comments (5/25)
Corn futures dropped to a six-week low on improved U.S. planting progress, while soybeans also tumbled.
Cash Cattle Trade Starts Early
Cash cattle trade started unusually early with a Nebraska regional planting buying some animals around $138 out of Kansas on Monday.
Corn Planting Catching Up
USDA says 72% of the corn crop was planted as of Sunday, up 23 percentage points over the past week and. . .
2-Week Weather Update
The Midwest “will see a mix of rain and sunshine during the next two weeks that will disrupt planting while keeping conditions favorable. . .
Morning Calls (5/20)
Wheat futures extended recent losses, hitting lows for the week overnight. Corn futures were under pressure amid expectations. . .
Morning Calls (5/19)
Corn: 7 to 12 cents lower.
Soybeans: 4 cents lower to 7 cents higher.
Morning Calls (5/18)
Wheat futures fell overnight following a report on the potential for the restoration of Ukraine grain shipments.