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Oil futures edged up Tuesday morning, staying in a narrow band for the fifth consecutive trading day ahead of the July 9 tariff deadline and...
Recent rainfall has significantly improved pasture conditions across major cow-calf producing states, particularly in the Plains region. Nebraska...
Heavy rainfall patterns have complicated life recently for DTN's View From the Cab farmers reporting in from Nebraska and Alabama.
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AgHost Grains Close
September corn closed down 3 1/4 cents and December corn was down 3 1/2 cents. August soybeans closed unchanged, and November soybeans were up 1/4 cent. September KC wheat closed up 4 1/2 cents, September Chicago wheat was up 10 3/4 cents and September MIAX Minneapolis wheat was up 7 3/4 cents.
AgHost Livestock Close
It was a lackluster day for the livestock complex as most of the contracts closed lower from a lack of fundamental support, and the cattle contracts closed significantly lower thanks to the USDA's announcement that the border will reopen to Mexican cattle imports.
DTN Weekly DDG Price Slightly Lower on Average
DTN's weekly average spot price for domestic distillers dried grains is lower versus one week ago.
May Income Over Feed Was $10.40
Class III futures decline despite the increase in underlying cash prices. The May income over feed price was $10.40, down 2 cents from April. The July contract is the lead month.
Ethanol RINs, Cash Prices Higher
Ethanol RINs and ethanol cash prices were higher. September corn was down 2 1/4 cents at $4.09 1/4 and December corn was down 1 1/2 cents at $4.25 1/2.
If Iran Closes Strait of Hormuz It Could Affect Urea Movement
For the second week in a row, average retail prices for all fertilizers saw only slight movement -- mostly to the higher side. However, according to one expert, the fertilizer market is intently watching Iran's response to the U.S. attack on Iran's nuclear facilities this past weekend. Roughly 52% of global urea exports come from the Middle East.
Cotton Ends Flat
Despite the bearish acres numbers of Monday, some traders were expecting some sort of Tuesday recovery.
ICE Canola Closed; Soybeans Mixed, Corn Lower, Wheat Higher
September corn closed down 3 1/4 cents and December corn was down 3 1/2 cents. August soybeans closed unchanged, and November soybeans were up 1/4 cent. September KC wheat closed up 4 1/2 cents, September Chicago wheat was up 10 3/4 cents and September MIAX Minneapolis wheat was up 7 3/4 cents.