Soybean futures face pressure after the Pro Farmer Crop Tour raised its yield estimate, while strong exports and improving corn demand offer support. SF Daily host Lorrie Boyer breaks down the latest market moves and weather threats facing agriculture.
🌾 Wheat: Black Sea developments continue to drive wheat markets as the U.S. tender list grows.
🌽 Corn & Soybeans: Corn demand is strengthening, but crop conditions slipped, with just 57% of U.S. corn rated good to excellent; soybean conditions also declined.
🐄 Livestock: Live cattle futures fell $1.87 to $432, while feeder cattle dropped $1.17 to $537 as markets react to tariff-free beef imports.
🌦️ Weather: Extreme heat threatens Oklahoma and North Texas, with heat indexes forecast to reach 109 degrees.
📈 Other major market news: New-crop corn sales rank fourth-highest since 2000, while new Canadian tariffs add pressure to commodity trade.
SF Daily delivers fast, actionable agriculture news covering grain markets, livestock, weather, USDA reports, 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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