Monday, July 21, 2014 2:26PM CDT
Parts of the panhandle and western Oklahoma are still considered as being in extreme or exceptional drought conditions. The wheat crop was a disaster this year, but at least one farmer feels he has weathered the worst of the drought conditions.
Monday, July 21, 2014 9:16AM CDT
USDA raised a simple question when it dropped the soybean residual to -69 mb in the July 11 supply and demand report: How do you create soybeans out of thin air? A USDA oilseed analyst explains.
Corn is lower at 6 a.m. (CT); soybeans are lower; wheat is lower.
The cattle complex seems likely to open this morning with mixed prices thanks to a combination of residual buying interest and beef demand worries. Look for the lean hog pit to also begin with uneven price action to be light bear spreading interest and short covering.