Traders removed weather premium from corn futures as much of the Corn Belt received or is expected to receive rain near-term. But around a third of the Belt has missed out, including some key production areas. Besides weather, we also preview USDA’s June 30 Acreage and Grain Stocks Reports, cover USDA’s latest H&P Report and take a look at both sides of the livestock pricing issue. Also of note, a deal was reached on infrastructure, but getting to the finish line could be a struggle given Democratic caveats. Access this week’s letter here.
Your Pro Farmer newsletter (June 26, 2021) is now available!
Inside you’ll find weather updates, both sides of the livestock pricing issue, an update on an infrastructure deal and market-by-market analysis and marketing advice.
