Grain and Livestock, corn, soybeans, wheat, cattle
Corn (Jul 2026)
$4.0075/bu -0.1200
Corn (Dec 2026)
$4.2900/bu -0.1250
Soy (Jul 2026)
$11.0750/bu -0.1875
Soy (Nov 2026)
$11.3800/bu -0.1825
Wheat (Jul 2026)
$5.7000/bu -0.0825
Live Cattle (CME)
$243.60/cwt -5.4%
Lean Hogs (CME)
$97.22/cwt +4.6%
Source: Chicago Board of Trade.
Cal's Market Read
Overnight, corn slipped about 12 cents; beans slipped about 19 cents; and wheat slipped about 8 cents.
Here is our read on why corn, beans, and wheat all slipped overnight. The Acreage Report lands today, and our assessment is that traders squared up and sold ahead of it rather than get caught wrong on USDA's acreage numbers. That pressure outweighed otherwise solid export news, with corn inspections strong and USDA showing fresh corn and soybean sales to China. When good demand still cannot lift prices, pre report positioning is usually the culprit.
Stocks point higher into the open, S&P futures up about 0.6 percent. A firmer tape eases the borrowing and input-cost mood your lender watches, though it does not move your cash bid by itself.
Cal
Wall Street, Friday's close
Dow Jones
52,234 +0.7%
S&P 500
7,435 +1.1%
Nasdaq
25,775 +1.9%
Russell 2000
2,999 -0.4%
Wall Street, today's futures (where the market is at going into the day)
Dow
52,578 +0.4%
S&P 500
7,493 +0.6%
Nasdaq
30,011 +1.4%
Russell 2000
3,017 -0.3%
WHY IT MATTERS FOR YOUR FIELDS
Decision Delivered
Your decisions for today and the week ahead:
Acreage Report is 0 days out, position before the number, do not chase it after.
Corn is approaching the canopy and tasseling weeks are ahead, now is the time to book your fungicide window if you plan a VT/R1 pass, before the applicator calendar fills. Confirm your stage.
Hot, dry stretches raise spider-mite pressure on field edges. Scout the south and west borders of soybeans and corn. Verify in-field.
Dig an 8-inch root cube on a few plants in continuous-corn fields to confirm your rootworm trait is holding, and rescout soybeans for early defoliators. Verify in-field.
Farm context: Founder Edition, Milford, Iowa (Dickinson County). Per-farm Decision Delivered ships when Phase 2 has live intake.
What to Watch Today
Weather: dry-looking day, high near 93F. Good window for field work.
Market watch: soy is the mover overnight, down about 19 cents. Watch the cash bid at your elevator today.
On the wire: What They Are Saying: Support Grows for Chairman Boozman's Farm Bill 2.0 Discussion Draft (see Cal's News Desk below).
Cal "Corn-Bread" Halvorsen, your AI Agronomist
From Cal's News Desk
The ten stories that moved across the wires since yesterday's Brief, sourced, dated, and verifiable. Each one explained, with a link to read it straight from the source.
1. What They Are Saying: Support Grows for Chairman Boozman's Farm Bill 2.0 Discussion Draft
"We appreciate Chairman Boozman for working with us to write a Farm Bill that is all about supporting the farmers and ranchers who ensure Americans continue to have access to the highest-quality, lowest-cost food supply in the world. This legislation builds on our long-term priorities of strengthening the farm safety net, advancing ag research and securing market access for our producers. At the same time, the Farm Bill includes legislation I introduced to address key issues in farm country, including the need for greater fertilizer storage and handling capacity and increased access to capital. I look forward to moving this legislation forward and passing a strong Farm Bill that maintains our nation's network for family farms and ranches." -Senator John Hoeven (R-ND)
Read the full article. U.S. Senate Agriculture Committee, Fri Jun 26, 2026 8:00 AM CT
2. Chairman Boozman Statement on SNAP Error Rate
"It is clear that improvements were needed to ensure SNAP is administered as intended to support those truly in need while protecting taxpayer dollars. I applaud the states that are implementing innovative solutions to decrease error rates and be good stewards of federal funds. The reforms included in the Working Families Tax Cuts were designed to promote accountability for significant mismanagement. We have to make certain SNAP is administered fairly, responsibly and accurately." Background: For the past several decades, the federal government paid 100 percent of the SNAP benefit costs, but the lack of accountability led to misspending.
Read the full article. U.S. Senate Agriculture Committee, Wed Jun 24, 2026 8:00 AM CT
3. Chairman Boozman Releases Farm Bill 2.0 Text
"We can all agree that we must take steps to help America's farm families, and one of the most important ways we demonstrate that commitment is by passing a bipartisan farm bill. Congress delivered historic improvements to farm programs through the Working Families Tax Cuts, and we're continuing to expand upon that success with bipartisan priorities that strengthen the American farm economy, increase investments for rural communities and foster a more resilient agricultural sector. I'm proud to put forward this discussion draft that reflects the input and priorities of Republicans, Democrats, and most importantly, rural America. This bill is built for the people who feed America, and I look forward to continuing conversations with my colleagues about how we can best serve them and the communities they call home," Boozman said.
Read the full article. U.S. Senate Agriculture Committee, Tue Jun 23, 2026 8:00 AM CT
4. USDA Modernizes Crop Reporting to Save Farmers Time and Reduce PaperworkRead the full article. USDA Farm Service Agency, Mon Jun 29, 2026 8:00 AM CT
5. USDA Offers Disaster Assistance to Agricultural Producers in Mississippi Impacted by Recent FloodingRead the full article. USDA Farm Service Agency, Mon Jun 29, 2026 8:00 AM CT
6. A year later, we still dread the clouds
Jenny Schlecht reflects on one year following a tornado that devastated her family's farm.
Read the full article. AgWeek, Mon Jun 29, 2026 5:30 AM CT
7. How to report your conditions to the U.S. Drought Monitor
Condition Monitoring Observer Reports can help officials make informed decisions on what appears on the U.S. Drought Monitor.
Read the full article. AgWeek, Mon Jun 29, 2026 5:29 AM CT
8. Agweek TV Full Show: More drones, alpacas, vaccines and drought response in the region
More operators of drones and more acres are seeing applications from drones. Take a walk with alpacas.
Read the full article. AgWeek, Sat Jun 27, 2026 5:33 AM CT
9. Farm groups hope fresh attempt to revamp ag labor law sticks
House Agriculture Chairman Glenn "GT" Thompson plans to introduce a farm labor bill next week, stoking the hopes of ag leaders who say new worker rules are long overdue.
Read the full article. Agri-Pulse, Fri Jun 26, 2026 3:14 PM CT
10. Expect next week to be a big market mover
Jamie Dickerman of Red River Farm Network and Randy Martinson of Martinson Ag Risk Management discuss weather, China, Iran and market reports on the Agweek Market Wrap for June 26, 2026.
Cal's Receipt is the public ledger of every call this desk made for your farm, what was at stake, whether you followed it, and what it actually saved (or cost). HILT-Transparent. Append-only. Every dollar cites its source.
Block the wheels and use a safety chain when you hitch or unhitch a loaded wagon or implement. A heavy implement that rolls or drops off the hitch can pin a person fast. Stand clear of the path while backing, and let one person give the signals. Source: National Ag Safety Database; ASABE implement towing guidance.
Cal
The Coffee Shop
Today in Farm History, Stock market crash 1929
On October 29, 1929 (Black Tuesday), the U.S. stock market crashed. Farm prices, already weak from the post-WWI bust, fell another 50% by 1932. Corn that brought $0.80 a bushel in 1929 brought $0.31 in 1932, the price floor that triggered the AAA in 1933. Source: USDA Economic Research Service historical price series; Federal Reserve historical record.
[CAL'S QUIZ]
In what city did Joseph Dart open the first steam-powered grain elevator in 1842?
(a) Chicago
(b) Buffalo
(c) Milwaukee
(d) St. Louis
Answer at the bottom of the Brief.
[CAL'S JOKE]
Propane prices fluctuated all winter. The farmer locked in a contract in October. His wife said, "Will you save money?" He said, "I'll save worry. The money is a side effect."
The Mi Farm AI Desk
Cal Halvorsen
Cal "Corn-Bread" Halvorsen, your AI Agronomist and Editor in Chief
Quiz Answer
(b) Buffalo. By 1856 elevators with mechanical scales had spread to Chicago, Milwaukee, and St. Louis, turning grain from a sacked, hand-shoveled commodity into a flowing river that filled rail cars. Source: Smithsonian National Museum of American History; Chicago Historical Society.
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The Mi Farm Brief is the independent daily farm intelligence brief that earns zero when you buy inputs. Cal "Corn-Bread" Halvorsen is the editorial persona of the Mi Farm AI desk, the AI-orchestrated production team that produces this Brief every working morning. The Monthly Receipt is signed by the Founder, Mi Farm AI. Honest. Independent. Loyal. Transparent. The HILT Covenant.
The independent farm intelligence brief that earns zero when you buy inputs. Signed by Cal "Corn-Bread" Halvorsen, Editor in Chief, The Mi Farm AI Desk.