News
Wheat and soybeans continue to trade in their recent ranges.
Detected New World screwworm cases in U.S. now total nine
NOAA officially declared El Niño on Thursday and says the climate pattern has a 63% chance of reaching “very strong” status by fall, potentially shaping U.S. weather through harvest and winter.
Cuts to U.S. wheat production failed to offset other changes globally
USDA sees U.S. wheat production at 1.543 billion bushels; world corn ending stocks estimate rises
As leader of Wells Fargo’s newly formed Food, Beverage and Agribusiness division, Brad Matsik says the bank is “tripling down” on financial tools, wealth management, and estate planning.
The U.S. is now below 75% or more abnormally dry for the first time since February
Corn, soybeans and wheat are consolidating in recent ranges, not far off for-the-move lows.
Grain bulls working to stabilize prices
Uncooked ground beef and steaks saw price drops last month, but inflation remains a problem for the White House and the Fed.
Corn bulls need a close above $4.25 to negate a potential bear-flag on the daily bar chart.
NCBA: NWS entering the U.S. was not a surprise
Analysts anticipate little change in U.S. balance sheets.
Speculators nearly halve long exposure to agricultural futures
Grains favored the upside overnight but continue to trade near recent lows.
New World screwworm update
Corn makes a mild gain while soybeans slip