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The higher day in corn after the WASDE was encouraging to Oliver Sloup, Blue Line Futures, “I’ve kind of been telling folks no new bearish news, is actually good news,” he explains.

Grains end lower except corn after USDA makes on only slight adjustments in the June WASDE. Oliver Sloup, Blue Line Futures, says now the market will prep for the month end reports and watch weather.

From understanding breakeven price per bushel to finding a mentor who persevered through the 1980s, Alan Hoskins with American Farm Mortgage and Financial Service shares pointers for a long, financially sound career.

Grains were mixed following today’s WASDE report, what’s are traders focusing in on going forward? Livestock futures struggled recently, but is there more upside potential?

For 2024, USDA raised its pork production forecast 40 million lbs. on a more rapid pace of second-quarter slaughter and higher dressed weights. USDA lowered its 2024 beef production forecast 5 million lbs.

“If handled improperly, transition events can be the death of your business. Or it can strengthen your business and clearly outline who you are and where you want to go,” says Dick Wittman.

Grains mixed after the WASDE with very few changes for corn and soybeans. Wheat did see slightly lower U.S. ending stocks and Russian, EU and Ukraine production dropped a total of 8 mmt says Jim McCormick, AgMarket.Net.

Cattle rally on strong cash but face a tug of war due to bird flu news says Scott Varilek, Kooima Kooima Varilek. Hogs try to follow but struggle with sliding cash. Row crops higher, wheat lower correcting pre- report.

Cattle futures came out strong on Monday but failed to find any follow-through in Tuesday’s trade. Outside markets are seeing a risk on trade following a cooler CPI report. Will that act as a tailwind in today’s trade?

Matt Bennett, AgMarket.Net, says traders evened positions Tuesday going into the USDA reports. However, he’s expecting very few revisions on a U.S. basis so he’s looking at global numbers.