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Chuck Shelby, Risk Management Commodities, says grains will be watching weather and gearing up for the USDA Acreage and Quarterly Stocks Reports in the week ahead.

Farm Journal survey shows more than two-thirds of U.S. farmers and ranchers believe conservation funding is important to build farms’ resilience, address the effects of climate change.

John Maman of Nutrien Financial encourages farmers to revisit their financial plan now that the crop is in the ground and agronomic conditions can be assessed.

A lackluster WASDE report had the same effect on the markets this week. Jerry Gulke, president of the Gulke Group, doesn’t think there’s going to be a whole lot of change in acreage in USDA’s report at the end of June.

Weekly overview of ag commodity market news & price action compiled by Austin Schroeder with Brugler Marketing. Not intended as trading advice. Actions taken are responsibility of the reader.

This past week, USDA reported a soybean sale of 3.89 million bushels to China and another 4.4 million bushels to unknown destinations during the 2023/2024 marketing year.

The good news is there are legal devices to do whatever a farmer wants to do. The key is using the right mechanisms for the relationship piece.

Chuck Shelby, Risk Management Commodities, says grains end lower. Row crops see profit taking, with harvest pressure in wheat. Cattle made new near-term highs pushed by record cash, hogs bounce.

The U.S. is worried the port’s ability to handle megaships directly between Peru and China could shift trade dynamics, making it easier for China to extract and control South American resources.

Darin Newsom, Senior Market Analyst at Barchart, says grains down early on profit taking and hedge pressure in wheat, but watching weather and demand. Cattle continue higher following cash.