3 Big Things Today, June 8, 2022
1. Corn, soybeans, and wheat futures up
November soybeans rallied to new contract highs overnight. With new crop November soybeans above $15, planting soybeans is more profitable than taking prevent plant for farmers in the Dakotas and Minnesota that don’t have their corn or spring wheat in the ground.
In the U.S. Globex grain markets, corn futures are 8 cents higher; soybean futures are up 24 cents, and wheat futures are trading 5 to 6 cents higher.**
2. World Pork Expo begins in Iowa
Thousands of pork producers and industry professionals from around the globe are expected to gather at the Iowa State Fairgrounds in Des Moines, Iowa for the world’s largest pork-specific trade show today through Friday. Attendees will have the opportunity to take in an expansive tradeshow, educational seminars, industry updates, and network.
“These seminars provide opportunities for pork professionals to stay on top of the latest challenges, topics, trends, and innovations in our industry,” said NPPC President Terry Wolters, owner of Stoney Creek Farms. “The World Pork Expo is an excellent place to learn how to improve operations and outcomes with the newest strategies.”
Due to African swine fever and other disease concerns, the National Pork Producers will require all attendees to pass through a foot bath before entering. There will be no live animals at the show.
In addition to coverage by Successful Farming, photos and up to date event information will be shared on social media using #WPX22.
3. Rain across the Corn Belt
Rain is expected across the Corn Belt Wednesday. Precipitation is expected to total more than one inch across Tennessee, Ohio, and northern Indiana. Showers are likely to miss much of Minnesota and northern Wisconsin.
Over the next 6 to 10 days, probabilities of above normal temperatures are elevated for most of the central and southern U.S. According to the National Weather Service, near normal temperatures are favored across the Northeast. Temperatures will likely be below normal for the Pacific Northwest.