Wednesday, June 16, 2021 5:20AM CDT
Livestock producers in the Northern Plains are facing a bleak grazing season this summer as severe drought has limited the growth of forages. Some areas might only see 25% of normal growth and others might not see any hay production because of the drought conditions.
July corn is up 10 1/2 cents per bushel, July soybeans are up 56 cents, and July KC wheat is up 17 1/2 cents.
Nearly everywhere you looked Thursday, liquidation was rampant. The weakness Thursday will be difficult to overcome in the coming days as traders will be hesitant to buy back into the market until some stability is seen.