Thursday, August 5, 2021 11:12AM CDT
Corn input costs are expected to be $56 per acre higher than last year, putting the squeeze on profit margins despite relatively high corn prices. The higher input costs make soybeans look much more profitable than corn in 2022, according to university crop budgets.
Thursday, August 5, 2021 10:04AM CDT
The president will sign an executive order to make half of all new vehicles sold in 2030 "zero-emission" vehicles, including battery, fuel-cell and plug-in hybrid electric vehicles. The move by the administration will keep a spotlight on how EPA, USDA and other federal agencies treat biofuels going forward.
December corn is up 2 cents, November soybeans are down 8 cents and September KC wheat is up 3 cents.
Cattle and hogs diverged Wednesday. Live cattle futures found support from higher cash and continued higher boxed beef prices. Feeder cattle found some support from a lower corn price. Hogs fell apart later in the day as cutouts posted substantial losses.