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The recovery continues in the grains, with a little help from weather. Is it sustainable?

The commodity markets have been concerned about recession lately and what moves the Fed takes on monetary policy from here.

Grains continue to extend recovery gains Friday morning, cattle are higher, but hogs are seeing some profit taking.

U.S. ethanol production during the week ended July 1 averaged 1.044 million barrels per day (bpd), down 7,000 bpd . . .

The U.S. Chamber of Commerce is calling on President Joe Biden to help resolve a dispute between the country’s Class 1 railroads and 12 rail unions to avert a possible rail strike beginning July 18.

Corn Belt states like Iowa and Nebraska lead the nation in corn, ethanol and cattle production. Each benefits from the other even during these inflationary times in agriculture.

Grains all ended higher on Thursday continuing to consolidate Hogs also saw gains, with a mixed close in cattle.

Grains try to recover Wednesday after recent selloff, while livestock post strong closes.