Corn and soybean markets are showing signs of being overbought as crop concerns collide with softer demand. On SF Daily, host Lorrie Boyer breaks down the latest grain, livestock and weather developments moving agriculture markets.
🌾 Wheat: Grain markets remain focused on crop conditions and weather as traders weigh supply risks.
🌽 Corn & Soybeans: New-crop corn sales trail last year at 448.4 million bushels, while drought affects 28% of corn and 26% of soybean production.
🐄 Livestock: U.S. red meat production fell 2%, with beef output down 5%; live cattle gained while feeders declined.
🌦️ Weather: Severe storms threaten parts of Nebraska and Kansas, with extreme heat hitting eastern Oklahoma and North Texas.
📈 Other major market news: President Trump announced a 90-day tariff-free import of 300,000 metric tons of ground beef.
SF Daily delivers fast, actionable agriculture news covering markets, USDA reports, weather, livestock and ag business.
Subscribe to SF Daily for weekday updates on grain markets, agriculture news, farm weather, livestock, and the stories shaping American agriculture.
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