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With heat forecast to top 100 degrees in places, combined with the expectation for little to no rain, crop conditions could deteriorate and the biggest risk in the western and central Corn Belt.
Grains sharply higher adding risk premium on the escalating Black Sea war and hot dry weather. Cattle see profit taking on higher corn and a bearish COF. Hogs consolidate. Oliver Sloup, Blue Line Futures has more.
According to a new report by USDA, ag imports from Latin America and the Caribbean have increased over the past 12 years, with a compound annual growth rate of 6.9%.
Grains sharply higher putting in war and weather premium & w/China soybean biz. Cattle set back with higher corn and sorting through USDA data. Hogs mixed. Tomm Pfitzenmaier, Summit Commodity Brokerage has more.
As the grain markets stay focused on weather, Jerry Gulke says a crop scare may be needed to send prices back up. He provides his take.
Corn and soybean prices have been on a steady and steep decline since early summer. Will these lower prices attract more demand? Jerry Gulke shares his thoughts.
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