Selected grain contracts at settlement...
A new tariff threat on China is the last thing these markets needed right now on top of massive fund liquidation...
July CORN: down 7 cents to $4.24½
July SOYBEANS: down 24½ cents to $11.29½
July WHEAT: down 5½ cents to $5.81¾
Not quite as much excitement with hogs today as we saw with feeder cattle and the limit move upon today's screwworm confirmation in Texas...
July hogs dropped 40 cents to finish the day at $101.60
Timely rains will bring localized relief to some U.S. dry pockets despite an overly wet week-two GFS model bias, while waves of moisture continue to push across Canada's Prairies. To the south, significant 2nd week rainfall in southern Brazil and across the Pampas of Argentina
4.5 million bushels of corn to Columbia...
Private exporters reported sales of 115,000 metric tons of corn for delivery to Colombia during the 2026/2027 marketing year
Rumors and denials of screwworm moving even closer to the U.S. border failed to ignite a panic and stave off today's cattle selloff...
August live cattle fell $1.80 to $237.85 while August feeder cattle dropped $5.80 to end the day at $342.62½
U.S. weekly ethanol production rebounded to 1.108 million barrels per day, driving marketing year-to-date corn usage to 4.099 billion bushels. National ethanol inventories remain historically lean at 24.6 million barrels, sitting 1.5% below last year's levels
5.4 million bushels of '26/27 corn to South Korea...
Private exporters reported sales of 136,000 metric tons of corn for delivery to South Korea during the 2026/2027 marketing year
