Corn markets are finding fresh support as crop scouts lower U.S. yield estimates and strong export demand continues to build. SF Daily with host Lorrie Boyer breaks down the latest grain, livestock, weather, and USDA news moving agriculture markets.
🌽 Corn & Soybeans: Corn gets bullish support from reduced yield estimates, a new flash sale, and rising new-crop demand, while China remains active in soybean purchases.
🐄 Livestock: Live cattle futures move lower as traders weigh supply, demand, and broader market pressure.
🌦️ Weather: Extreme heat threatens parts of the country, with some areas potentially reaching 109 degrees Fahrenheit.
🌾 Ethanol: USDA reports corn used for ethanol jumped 4% from a year ago in July, reaching 474.7 million bushels.
📈 Global Markets: Brazil's corn planting gets underway, putting South American weather and production prospects back in focus.
SF Daily delivers fast, actionable agriculture news covering grain markets, livestock, weather, USDA reports, and ag business.
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