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3 Big Things Today, June 9, 2021

2. Crop Prices Buoyed by Hot Weather, Tight Rapeseed Market, Commerzbank Says Grain and oilseed prices have been buoyed in recent weeks by hot, dry weather in the U.S. Midwest, and a new report shows the rapeseed crop in France, formerly Europe’s biggest producer of the oilseed, will drop to a 20-year low, according to reports from Commerzbank. About 72% of the U.S. corn crop was rated good or excellent condition as of Sunday, down from 76% a week earlier, the Agriculture Department said earlier this week. Some 67% of soybeans earned top ratings, the first rating for the crop this year, but behind the 72% that was rated good or excellent during the same week last year, the USDA said.

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