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AgDay TV Markets Now: Don Roose of U.S. Commodities says corn and soybeans end higher on technicals, weather and awaiting yield data but how much recovery is expected?

After record low water levels on many of the major rivers used for export movement in 2022, agriculture could see a repeat this fall.

The International Grains Council (IGC) raised its forecast for 2023-24 global corn production, with an improved outlook for Ukraine’s crop only partially offset by a downward revision for China.

Row crops see technical bounce with hot dry weather. How much recovery can we expect? Wheat sees weak technicals and demand. Cattle down with weaker cash, while hogs bounce. Don Roose with U.S. Commodities has more.

Row crops see technical bounce with hot dry weather. How much recovery can we expect? Wheat sees weak technicals and demand. Cattle down with weaker cash, while hogs bounce. Don Roose with U.S. Commodities has more.

“Mexico’s decree, which runs counter to scientific findings and is in direct violation of USMCA, is negatively impacting American corn growers,” said Tom Haag, NCGA president.

Soybeans up on hot dry wx & new crop exports, corn follows but fights lower wheat with more technical selling. Cattle see fund selling with steady/lower cash, hogs bounce. Mark Schultz, Northstar Commodity has more.

Beans up on wx & exports, corn tries to follow despite lower wheat. Cattle look tired, while hogs try to bounce. Global economic news a concern for commodities. Mike Zuzulo, Global Commodity Analytics has more.